Shriram Finance Ltd.

Shriram Finance has completed the acquisition of 31,66,500 equity shares of face value of Rs 10/- each fully paid-up of Shriram Overseas Investments (SOIPL) from Shriram Investments Holdings (SIHPL). The company has paid total consideration of Rs 50.11 crore to SIHPL. Consequently, SOIPL has become wholly owned subsidiary of the company.

SOIPL has one subsidiary viz; Bharath Investments Pte. in Singapore holding 81.63% equity stake. Bharath Investments Pte. Singapore has one Associate viz; Armour Insurance Services WLL in Bahrain holding 40% equity stake. Accordingly, Bharath Investments Pte. has become a step-down subsidiary of the company and Armour Insurance Services WLL has indirectly become an associate of the company. SOIPL is currently in the process of disinvestment of its entire equity stake in its Singapore subsidiary and consequently in its Associate in Bahrain.

Shriram Finance (Formerly Shriram Transport Finance Company) is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.