The new business model revolves around diversified assets, a more granular funding mix, and better asset quality. The seeds of this transformation were actually sown at the time of the NBFC crisis in 2019.
The Ajay Piramal-led Piramal Enterprises Ltd has sold its entire 8.34% stake in Shriram Finance Limited to third-party investors in a bulk deal, reportedly priced at Rs1,483 per share. This follows a day after US private equity TPG sold its entire 2.65% stake in Shriram Finance.
Vedanta will go ex-dividend today. The company had announced an interim dividend of Rs 17.50 per share. The record date for the same is November 30 and the dividend will be paid on December 22