SECTOR
Shriram Finance gets RBI’s nod to acquire 100% equity stake in SOIPL
Apr-02-2025

Shriram Finance has received approval from Reserve Bank of India (RBI) for acquisition of 100% equity stake in Shriram Overseas Investments (SOIPL) from Shriram Investments Holdings. 

The Company intends to acquire entire share capital of Shriram Overseas Investments which will commence Primary Dealership business on receipt of necessary approval/license of Primary Dealership from Reserve Bank of India. There exists significant opportunity to access to fixed income market with guaranteed source of funds through acquiring Primary Dealership license from RBI. The Board of Directors of the company in its meeting held on April 26, 2024 had approved the same.

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.

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