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Shriram Transport- What to Expect after the Merger?

Updated: Feb 12, 2022

The Shriram Group has announced a long-awaited reorganisation of its corporate structure, let's see what stock price levels we can expect after this announcement.

The Shriram Group has announced a long-awaited reorganisation of its corporate structure, which will involve the merger of two of its listed entities.


As per its announcement:


  • Amalgamation of Shrilekha Business Consultancy Pvt. with Shriram Capital Ltd. Shrilekha is in the business of holding long-term investments.

  • Demerger of financial services, life insurance, general insurance from Shriram Capital.

  • Amalgamation of Shriram Capital (with remaining businesses) with Shriram Transport Finance Co.

  • Amalgamation of Shriram City Union Finance Ltd. with Shriram Transport Finance.


Post the amalgamation, Shriram Transport Finance, with assets under management of Rs 1.5 lakh crore, will be the country's largest retail non-bank finance company. The entity will likely be rebranded as Shriram Finance.


"This scheme is being undertaken to reorganise the group's businesses in order to enable focused growth strategies and capital infusion for each vertical," the exchange filing said.




“The companies involved in the present scheme are of the view that each line of business or vertical requires its own specially tailored management focus, with different strategies, to account for the difference in the challenges posed, as also the unique needs of each line of business.” -Shriram Group Scheme of Amalgamation

Now that we have talked about the corporate announcement, we will move on the technical analysis part of the company where Mr. Rahul Sarawagi will guide you to find the support and target levels on the charts.


Shriram Transport Technical Analysis

-By Rahul Sarawagi

 

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