Shriram Finance Limited has informed the Exchange about the Company has today completed the acquisition of 100% equity stake in Shriram Overseas Investments Private Limited. Consequently, SOIPL has become wholly owned subsidiary of the Company
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Shriram Finance Limited has completed the acquisition of 100% equity stake in Shriram Overseas Investments Private Limited (SOIPL) from promoter group entity Shriram Investments Holdings Private Limited. The company acquired 31,66,500 equity shares at Rs.158.28 per share for a total cash consideration of approximately Rs.50.12 crores. SOIPL, with a turnover of Rs.3.26 crores in FY25, is a non-banking financial company that will be used to apply to the RBI for commencing a Primary Dealership Business. RBI approval for the change of control was already received on April 1, 2025. Through this acquisition, SOIPL's Singapore-based subsidiary Bharath Investments Pte. Limited (81.63% stake) has become a step-down subsidiary, and Bahrain-based Armour Insurance Services WLL (40% stake) has become an indirect associate. SOIPL is in the process of divesting its stake in the Singapore subsidiary.
This is a related-party transaction within the promoter group done at arm's length based on an independent valuation. The move positions Shriram Finance to enter the government securities Primary Dealership business, which could open a new revenue stream. The Singapore subsidiary is being divested, suggesting management is focused on simplifying the structure around the core Indian primary dealership opportunity.