Corrected: Shriram Transport Finance’s rights issue wrapped up

Car park_575px_adobe_21Jul20
By Jonathan Breen
03 Aug 2020

Shriram Transport Finance Co has scooped up Rp14.9bn ($199m) from a rights issue in India.

Shriram Transport issued 26.2m rights shares at Rp570 each, which offered shareholders an 11% discount to the theoretical ex-rights price of Rp640.4 per share. It wrapped up the two-week offering on July 30, and ended up having a 1.65 times oversubscribed book in the end, with demand coming ...

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