Post merger between Shriram Transport Finance (SHTF) and Shriram City Union Finance (SCUF), loan book of the merged entity, Shriram Finance rises by 27% and the portfolio is more diversified. We revise our FY23-25 EPS by -4%/4% factoring in the merger. We believe AUM should grow at 15% CAGR over FY23-25e, but with some NIM […]
