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Sundaram Finance gains on hiking stake in Royal Sundaram to 75.90%

30 Jul 2015 Evaluate

Sundaram Finance is currently trading at Rs. 1589.50, up by 3.75 points or 0.24% from its previous closing of Rs. 1585.75 on the BSE.

The scrip opened at Rs. 1590.00 and has touched a high and low of Rs. 1598.50 and Rs. 1576.25 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1824.25 on 02-Mar-2015 and a 52 week low of Rs. 870.00 on 12-Aug-2014.

Last one week high and low of the scrip stood at Rs. 1598.50 and Rs. 1508.25 respectively. The current market cap of the company is Rs. 17,659.00 crore.

The promoters holding in the company stood at 36.16% while Institutions and Non-Institutions held 15.64% and 48.19% respectively.

Sundaram Finance has acquired 26% equity stake, being 8.19 crore equity shares of Rs 10 each in Royal Sundaram on July 29, 2015. Consequent to the said acquisition, the holding of the company in Royal Sundaram has increased from 49.90% to 75.90% and Royal Sundaram has become a subsidiary of the company.

Earlier on February 18, 2015, Sundaram Finance (SFL) and RSA Group, UK, (RSA) had reached an agreement whereby RSA had agreed to sell its entire 26% equity stake in Royal Sundaram Alliance Insurance Company (Royal Sundaram), to SFL, for a consideration of Rs 450 crore, subject to all regulatory approvals.

Sundaram Finance is one of the oldest and largest providers of finance for the acquisition of commercial vehicles of all makes. The commercial vehicle finance provided by it helps the small operators to acquire vehicles with minimum hassle and documentation.


Sundaram Finance Share Price

4910.30 -61.55 (-1.24%)
22-Apr-2026 12:55 View Price Chart
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