Shares of Shriram Transport Finance Company on December 29 gained over 2.5% after the company board said the meeting will be held in the month of January 2021 to consider raising funds through the issuance of debt securities.

"The company will consider raising of funds by way of issue of debt securities in onshore/offshore market by private placement basis and/or public issue subject to market conditions."

In this regard the meeting of the banking and finance committee/debt issuance committee / bond issuance committee will be held to consider and approve such issuances of debt securities during the month ending Jan. 31, 2021, company said.

Shares of Shriram Transport Finance Company are trading at Rs 1,042.35, up Rs 26, or 2.56% at the Bombay Stock Exchange (BSE) on Tuesday at 12:07 p.m.

The scrip has touched an intra-day high of Rs 1,049.50 and low of Rs 1,021.85. The total volume of shares traded at the BSE is 196,528.

In the earlier session, the shares rose 1.97%, or Rs 19.6, at Rs 1,016.35.

Currently, the stock is trading down 21.73% from its 52-week high of Rs 1,331.36 and above 143.15% over the 52-week low of Rs 428.56.