Shriram Transport plans to raise up to $527m through share sale

Shriram Transport plans to raise up to $527m through share sale

Shriram Transport Finance Co. Ltd.(STFC) is looking to raise 3,000-4,000 crore via a qualified institutional placement (QIP) or preferential allotment to augment liquidity, two persons with direct knowledge of the matter said, adding that the company has met more than a dozen potential investors for the same.