Sundaram Finance to Directly Control Alternate Assets Arm

TOI - Delhi · india

Sundaram Finance Ltd (SFL) has approved acquiring the entire stake in its subsidiary, Sundaram Alternate Assets Ltd (SAAL), from Sundaram Asset Management Company Ltd (SAMCL). Currently a step-down subsidiary, SAAL will become a direct subsidiary of SFL upon completion of the transaction. SFL will purchase all 3,90,53,158 equity shares held by SAMCL for a cash consideration not exceeding Rs 75 crore. The company anticipates the deal will be finalized by March 31, 2027. This move aims to streamline operations and bring the alternate assets business under SFL's direct oversight.