Merger of two Shriram NBFCs likely to be completed by December

Industry:    2022-05-02

To facilitate a hassle-free merger of Shriram City Union Finance (Shriram City) with Shriram Transport Finance (STFC), the former has started a pilot project to train employees to cross-sell STFC products.

The project, currently being carried out in around 50 branches, will be expanded to all branches and continue till the merger is completed, YS Chakravarti, MD & CEO, Shriram City, told a select group of media persons.

“The merger process with STFC, the market leader in used truck finance, is progressing as per plans and is expected to be completed by December 2022, which will give us a competitive edge,” Chakravarti said.

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