05-Nov-2026      10:23

Sundaram Finance to acquire 100% stake in Sundaram Alternate Assets for up to Rs 75 crore

Sundaram Finance Limited announced it has received approval from its board to acquire a 100% stake in Sundaram Alternate Assets Limited (SAAL) from Sundaram Asset Management Company Limited, a wholly-owned subsidiary of Sundaram Finance Limited, for a cost not exceeding Rs 75 crore. The acquisition, intended to simplify the group’s shareholding structure, will make SAAL a direct subsidiary of Sundaram Finance Limited instead of a step-down subsidiary, and is expected to be completed by March 31, 2027, subject to regulatory approvals including those from the Securities and Exchange Board of India.

News source: Capital Market - Live News