Shriram Transport Finance Company
Limited (STFCL) has agreed to sell stakes in its subsidiary Shriram Automall
India Limited (SAMIL) to MXC Solutions India, which runs an online auctions
platform to buy and sell vehicles. The two companies have inked the share
purchase agreement and the deal is valued at Rs. 156.00 crore, as per
media report.
Meanwhile, the stock of Shriram
Transport Finance was ended at the closing hours on NSE at Rs. 1,435 per share,
down Rs. 33.80 or 2.30 percent while on BSE, the stock closed at Rs 1,437.35, down 2.13%.
The equity benchmarks managed to settle
at fresh record peak. The BSE Sensex rose 22 points to end at a new high of
36,162. The Nifty50 index settled 2 points up at a fresh record of
11,086.