In December 2021, the board of directors of Shriram Transport Finance Company, Shriram Capital and Shriram City Union approved the merger of the entities with Shriram Transport Finance. The resultant entity (post the merger) is expected to be renamed as ' Shriram Finance '. Further, Shriram Housing Finance, currently a subsidiary of Shriram City Union, will become a subsidiary of the merged entity, Shriram Finance. The credit rating of Shriram Transport is AA+ from Crisil. It is expected that the rating of Shriram Finance would as AA+ as well. This explains, though not in so many words from the rating agency, why these two ratings are under rating watch with positive implications. Conclusion As and when public issues hit the market, purchase is an easy process. The application process is online nowadays and the only requirement is that of a demat account.