Sundaram Finance Holdings has received approval to sell upto 5,05,802 equity shares of Rs 5 each representing 2.50% stake, held by the Company in the share capital of Sundaram Clayton to Srinivasan Trust, through the block deal window mechanism of the stock exchanges or any other mechanism that may be permitted under the regulatory framework, at the applicable price on the date of the execution of the transaction. The transaction is likely to be completed on or before December 31, 2022. The board of directors at its meeting held on December 06, 2022 has approved the same.
Sundaram Finance Holdings is involved in the business of making all types of investments, including investments in financial service enablers, Fin-tech investments and Small Startup Type (incubator) investments, as well as to engage in the business of BPO, consultants.
