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Shriram Automall ties up with State Bank of Mysore
Source: IRIS | 18 Feb, 2015, 03.59PM
Rating: NAN / 5 stars.
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Shriram Automall India (SAMIL), one-stop destination for pre-owned vehicles and equipment, has signed an agreement with State Bank of Mysore (SBM) under which the company extends its holistic bidding solutions in the disposal of their pre-owned vehicles inventory.

SAMIL will now be displaying their vehicles within its regular physical & online bidding events through which SBM eyes at their profitable disposal. The Company is also going to provide its other allied services, including parking, refurbishment, documentation and valuation for well-organised and hassle-free transactions.  

Sanjeev Krishnan (chief GM, Retail Banking of SBM) quoted, ''Through a tie-up with Shriram Automall, we intend to enhance the reach of our pre-owned vehicles and equipment in order to get maximum return on their disposal. We are looking at a long-term alliance with the service provider with an aim to bring necessary transformation within our existing disposal process.''

Shares of the company gained Rs 2.6, or 0.48%, to settle at Rs 541.90. The total volume of shares traded was 1,488 at the BSE (Wednesday).

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