Sanlam invests Rs 105 crore in Shriram AMC to become co-promoter, shares surge up to 10 percent

The company statement said Salam is now a co-promoter of the AMC with a 71.17 percent stake.

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26 Aug, 2025 12:21

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Shriram Asset Management Company completed the preferential allotment to South Africa's Sanlam Emerging Market, raising Rs 105 crore in growth capital as part of a strategic partnership with the wealth manager, a company filing said on May 27, sending shares of Shriram AMC higher by up to 10 percent in early trade and announcing Sanlam's entry into India's asset management business.

The company statement said Salam is now a co-promoter of the AMC with a 71.17 percent stake. "With this allotment and the mandatory open offers, SEMM now holds a 23% direct stake in India’s first listed AMC and joins as a co-promoter alongside existing promoter Shriram Credit Company Limited (SCCL)."

Kartik Jain, MD & CEO, Shriram AMC said the partnership will further strengthen the company's investment strategy. “This partnership is more than capital — it’s a strong endorsement of our 'quantamental' approach that fuses data science with fundamental insights. Leveraging its expertise in both quantitative and fundamental analysis, Sanlam will enhance the sophistication of Shriram AMC’s investment processes and help deliver relevant and differentiated investment solutions to the right customer segments," said Kartik Jain.

Sanlam is South Africa’s largest asset manager with $80 billion in AUM, and has been in partnership with the Shriram Group over two decades, underscoring India’s rapidly growing asset management industry.

Carl Roothman, CEO of Sanlam Investments said India is a 'strategic growth market', and the partnership will result in 'investment excellence' in emerging markets.

The Shriram Group had brought on board investment from Mission1 Investments LLC, which acquired a 23% stake in Shriram AMC in 2022. Mission1's Managing Partner & CIO Gaurav Patankar said the opportunity landscape in asset management in India is "as interesting if not more than it was in 2022", when they made the initial investment.