Asian Paints
2661.1 -14.50
Cipla
1369.6 -8.80
Eicher Motors
7140 -33.50
Nestle India
1283.2 -12.50
Grasim Inds
2735.6 22.00
Hindalco Inds.
939.2 11.10
Hind. Unilever
2368 -11.10
ITC
324.75 -1.55
Trent
3764.4 -71.70
Larsen & Toubro
3766.5 -44.00
M & M
3553.3 -4.20
Reliance Industr
1404.6 10.60
Tata Consumer
1163.6 -21.40
Tata Motors PVeh
339.25 1.40
Tata Steel
184.41 0.85
Wipro
239.55 -0.35
Apollo Hospitals
6826.5 -86.00
Dr Reddy's Labs
1157.2 -9.50
Titan Company
4079.2 3.70
SBI
1028.65 -7.75
Shriram Finance
986 -1.50
Bharat Electron
402.65 -6.70
Kotak Mah. Bank
421.6 -2.20
Infosys
1654.4 -4.50
Bajaj Finance
936.25 3.05
Adani Enterp.
2032.2 -22.90
Sun Pharma.Inds.
1612.9 -0.90
JSW Steel
1174.6 14.60
HDFC Bank
920.35 -10.85
TCS
3122.6 20.30
ICICI Bank
1349 -26.80
Power Grid Corpn
255.8 1.75
Maruti Suzuki
15770 -109.00
Axis Bank
1284.9 -8.60
HCL Technologies
1682.5 -4.80
O N G C
242.37 1.98
NTPC
338.7 -0.05
Coal India
414.05 -1.25
Bharti Airtel
1996.1 0.10
Tech Mahindra
1686.7 8.20
Jio Financial
263.25 -2.25
Adani Ports
1378.6 11.00
HDFC Life Insur.
724.35 -7.75
SBI Life Insuran
2055.4 6.30
Max Healthcare
1004.2 11.30
UltraTech Cem.
12231 172.00
Bajaj Auto
9179 -1.00
Bajaj Finserv
1959.9 1.20
Interglobe Aviat
4857.5 67.50
Eternal
283.5 13.90
Fitch Ratings has placed India-based Shriram Finance's (SFL) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'BB+' and Short-Term IDR of 'B' on Rating Watch Positive (RWP). The company's medium-term note programme and debt ratings have also been placed on RWP.
The RWP follows an agreement under which MUFG Bank (A/Stable), a subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG, A-/Stable), will acquire a 20% stake in SFL. Fitch believes SFL's rating could benefit from a one-notch uplift to its Standalone Credit Profile (SCP), reflecting the strategic investment from a stronger long-term shareholder, in line with Fitch's criteria.
Fitch expects to resolve the RWP once the transaction is completed, which SFL expects to occur in 2026, subject to regulatory approvals and other closing conditions. The rating could stay at its present level or be upgraded upon the resolution of the RWP.
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