Shriram Transport Finance Company, India's largest asset financing company, announced that Shriram Automall India (SAMIL), India’s leading service provider for exchange of pre-owned vehicles and equipment inaugurated its Madurai Automall facility on ­Oct.12, 2015. Spread across 9.11 acres of land, the Madurai Automall is located at one of the most prime locations of Madurai.

The Automall promises complete solutions to the pre-owned vehicles and equipment related needs of transporters, contractors, dealerships, manufacturers and individual buyers and sellers in Madurai and nearby locations.

Sameer Malhotra, CEO Shriram Automall said, ''The success of already established 21 Automalls in South Indian region has reinforced the firm presence of the company. The location is chosen wisely as it is well connected via highway & has good number of connecting villages around,'' said

Shares of the company gained Rs 29.2, or 2.99%, to settle at Rs 1,005.75. The total volume of shares traded was 30,731 at the BSE (Tuesday).