Shriram Finance gets RBI nod for SOIPL acquisition

Shriram Finance (BSE:SHRIRAMFIN) announced today that it has received approval from the Reserve Bank of India (RBI) for the acquisition of 100% equity stake in Shriram Overseas Investments Private Limited (SOIPL). The approval was conveyed via RBI letter CHN.DOR.NRO.No.S1/05.01.001/2025-2026 dated April 1, 2025. The company had previously disclosed the proposed acquisition on April 26, 2024. As part of this move, Mr. Umesh Revankar, Executive Vice Chairman, and Mr. Parag Sharma, Managing Director & CFO, have been appointed as Directors on the board of SOIPL. The acquisition is subject to certain conditions specified by the RBI. This information is also available on Shriram Finance's website.