Shriram Automall India (SAMIL), country's leading service provider for pre-owned vehicles and equipment, has renewed its agreement with State Bank of India (SBI) for pre-owned agricultural equipment. SAMIL had marked an alliance with the bank in January, 2013 for pre-owned tractors and now the Company is extending its tie-up with holistic solutions in the disposal of bank's all types of pre-owned agricultural equipment.
Sameer Malhotra (CEO of SAMIL) stated, ''We have been associated with State Bank of India for more than two years. After our tie-up with the bank for tractor segment in January, 2013, we even extended our services for its auto division while marking another alliance in October, 2013. Within this agreement, we shall serve the bank with our perfect mix of unique bidding platforms and allied services.''
Shares of the company declined Rs 3.6, or 1.24%, to settle at Rs 287.45. The total volume of shares traded was 1,079,809 at the BSE (Monday).