Sundaram Finance has informed that the Board of Directors of the Company at its meeting held on August 04, 2015, have approved the sale of the Company’s entire 49% shareholding of 36,48,050 equity shares of Rs 10 each in BNP Paribas Sundaram Global Securities Operations Private Limited to BNP Paribas Securities Services for a total consideration of Rs 44,29,60,000.
The above information is a part of company’s filings submitted to BSE.