As per authorisation by the securities issuance committee of the board of director of STFC, the company cleared the proposal to allot 17,36,100 equity shares at Rs 1,440 per share to Shriram Capital, as well as the same amount of warrants convertible into these many equity shares at Rs 1,440 per warrant.source https://economictimes.indiatimes.com/industry/banking/finance/stfc-gets-rs-312-50-crore-capital-infusion-from-promoter-shriram-capital/articleshow/84235590.cms
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