shriram finance block deal: Promoter of Shriram Finance sold over 59 lakh shares for Rs 1,427 crore petek, September 12, 2024 New Delhi: Sanlam Life Insurance — one of the promoters of Shriram Finance — on Thursday offloaded shares for Rs 1,427 crore through an open market transaction. Shriram Finance is one of the country’s biggest retail non-banking financial companies (NBFCs) offering credit solutions for commercial vehicles, two-wheeler loans, and car loans. According to the block deal data available with the National Stock Exchange (NSE), Sanlam Life Insurance Ltd sold 59.80 lakh shares, amounting to a 1.6 per cent stake of the company. The shares were disposed of at an average price of Rs 2,386 apiece, taking the transaction value to … Continue Reading
Finance Ministry says no change in IT regime, refutes messages on social media as false petek, September 8, 2024 The Finance Ministry has clarified that there is no new change in the income tax regime that is coming in from April 1, 2024, as is being reported by several social media platforms. “It has come to notice that misleading information related to the new tax regime is being spread on some social media platforms. It is therefore clarified that: There is no new change which is coming in from April 1, 2024,” the Finance Ministry said on Sunday in a post on The new tax regime under Section 115BAC(1A) was introduced in the Finance Act 2023, as compared to … Continue Reading