Sundaram Finance has received approval for the proposed acquisition of 100% stake in Sundaram Alternate Assets (SAAL), a wholly-owned subsidiary of Sundaram Asset Management Company (SAMCL), which in turn is a wholly-owned subsidiary of the Company. The proposed acquisition shall be subject to necessary regulatory approvals. Upon completion of the proposed acquisition, SAAL shall become a wholly-owned subsidiary of the Company.
The acquisition is proposed to be made at a cost not exceeding Rs 75 crore (excluding stamp duty, taxes and other charges, if any). The said acquisition is expected to be completed by March 31, 2027. The Board of Directors of the Company has, at its meeting held on November 4, 2026, accorded its approval for the same.
Sundaram Finance has a diversified presence in Mutual Funds, Housing Finance, General Insurance, IT, Business Process Outsourcing and Retail Distribution of a wide array of financial services and products.
