For FY21, Shriram Transport declares dividend for the second time

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 The Shriram cluster is an associate Indian conglomerate established by Ramamurthy Thyagarajan, AVS Raja, and T. Jayaraman on Gregorian calendar month five, 1974. Ajay Piramal, associate Indian have and man of affairs owns 100 per cent of the firm. A part of the “SHRIRAM” conglomerate, that contains a robust presence in monetary services like industrial vehicle finance, client finance, life and general insurance, stockbroking, chit funds, and also the sale of the economic product like life and general insurance product and open-end investment company units

This is in addition to the board’s first dividend of Rs 6 per share, which was announced on October 29, 2020, and paid to qualify shareholders on November 26, according to a regulatory filing by Shriram Transport. Shriram Transport Finance Company’s board of directors announced a second interim dividend of Rs 6 per share for the fiscal year 2020-21 on Thursday. Shriram Transport Finance Company’s board of directors announced a second interim dividend of Rs 6 per share for the fiscal year 2020-21 on Thursday. This is in addition to the board’s first dividend of Rs 6 per share, which was announced on October 29, 2020, and paid to qualify shareholders on November 26, according to a regulatory filing by Shriram Transport.

It has set April 6 as the record date for payment of the second interim dividend to qualifying shareholders, subject to tax deductible at source.“The company’s board of administrators approved the declaration of a second interim dividend of Rs vi per equity share of Rs ten every paid up (60 per cent) for the yr 2020-21 at their meeting on Annunciation Day, 2021,” the corporate same.

With effect from April 1, 2021, the company has also promoted Umesh Revankar to Vice Chairman and Managing Director. Revankar currently serves as the company’s Managing Director and CEO.

Shriram Transport Finance’s stock was trading at Rs 1,376.35 on the BSE, down 1.82 per cent from its previous close.

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