Shriram Finance targets lower capital costs with rating upgrade
pre-market1 source ↓written by the desknot a recommendation
- reduction initially
- 40 basis point
- within 24 months
- 100 basis points
- cost
- 8.8%
Shriram Finance aims to reduce its cost of capital significantly over the next two to three years, driven by a potential credit rating upgrade. Vice Chairman Umesh Revankar indicated that improved fundamentals could lead to a 40 basis point reduction initially, expanding to 100 basis points within 24 months as access to diversified funding sources improves. Currently, the company's liability cost is around 8.8%.
Not investment advice. For informational purposes only.