Shriram Finance gets nod to acquire 100% equity stake in Shriram Overseas Investments

26 Apr 2024 Evaluate

Shriram Finance has received approval for acquisition of 100% equity stake in Shriram Overseas Investments (SOIPL) from Shriram Investments Holdings. The Board of Directors in its meeting held on April 26, 2024 has approved the same.

The Company intends to acquire entire share capital of Shriram Overseas Investments which will commence Primary Dealership business on receipt of necessary approval/license of Primary Dealership from Reserve Bank of India. There exists significant opportunity to access to fixed income market with guaranteed source of funds through acquiring Primary Dealership license from RBI. 

Shriram Finance (Formerly Shriram Transport Finance Company) is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.

Shriram Finance Share Price

2922.95 51.20 (1.78%)
23-Dec-2024 09:22 View Price Chart
Peers
Company Name CMP
Bajaj Finance 6920.75
Shriram Finance 2922.95
Aditya Birla Capital 187.00
SBI Cards AndPayment 693.30
Mah & Mah Finl. Serv 270.05
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