Shriram Finance to acquire 100% stake in overseas investments

Shriram Finance announced today that it is moving forward with the acquisition of 100% equity stake in Shriram Overseas Investments Private Limited from Shriram Investments Holdings Private Limited. The acquisition will comply with Paragraph 42 of the Reserve Bank of India (Non-Banking Financial Company- Scale Based Regulation) Directions, 2023, and has been approved by the Reserve Bank of India. Joint public notices regarding the acquisition have been published in the Financial Express and Makkal Kural newspapers, in English and Tamil languages, respectively. The company stated that the acquisition would benefit Shriram Finance by avoiding the need to establish a new NBFC (Non-Banking Financial Company) for specific purposes.