Shriram Capital

Piramal Group, which holds stakes in Shriram’s insurance businesses, is neither actively looking to exit nor in a rush to do so and will take a call as things unfold, says Subhasri Sriram

Shriram Capital to use its existing depositor base for wealth management JV with Sanlam

A significant portion of its customers already possess investible surplus, making them potential clients for wealth products, says Shriram Capital's Subhasri

Shriram Capital gets RBI nod to launch ARC, says Umesh Revankar

The company had applied for an asset reconstruction company (ARC) license to the Reserve Bank of India (RBI) in November 2023.

MC Interview | Shriram AMC to focus on hybrid funds: Umesh Revankar

Shriram Capital is looking to start the asset reconstruction business this financial year, said the Executive Vice-Chairman.

Shriram Capital applies for Asset Reconstruction Company licence with RBI

He further added that the ARC will be 100 percent subsidiary of Shriram Capital.

Shriram group operationalises largest retail NBFC Shriram Finance; to focus on non-vehicle financing

The new company, to be headquartered in Mumbai, has over 6.7 million customers being served at over 3,600 branches across the country, barring Nagaland, by its 57,000 employees, 3,000 of them hired since the merger announcement.

Shriram Capital, Shriram City Union Finance to merge with Shriram Transport Finance

Shriram Financial Ventures, which served as the holding company for SCL, will henceforth take on the roles of promoter and holding company for the Group's financial services and insurance operations.

Shriram group's two insurance JVs to have independent holding companies: Shriram Capital CFO Subhasri Sriram

The two insurance ventures will be quarantined from each other to avoid adverse cross-effects of business worries.

Merger of Shriram City, Shriram Transport to create synergy, drive growth, says Shriram Capital's DV Ravi

Both NBFCs have strong pockets and domain expertise. Besides the benefits that would result from scale, the non-banking finance business of the Shriram group would gain greater stability and achieve higher growth.   

KKR close to buying 10% stake in Shriram Capital for around Rs 2,000 crore, confirms top official

Shriram Capital will dilute its stake before spinning off its insurance business

Shriram Group board gives go-ahead to merger of lending subsidiaries

The company believes that the merger would help it bring together all its lending products – commercial vehicles, two-wheeler loans, gold loan, personal loan, auto loan and small enterprise finance - under a single roof

Shriram founder Thyagarajan charts out group’s long-term strategy

The announcement comes in the wake of intense speculation that Shriram Capital has been exploring a merger of its two lending companies, Shriram Transport Finance Ltd and Shriram City Union Finance Ltd.

Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue

The firm seeks to improve its capital adequacy ratio and debt-to-equity ratio and boost its lending business through this rights issue.

Shriram Capital edging closer to merging its units: Report

Ajay Piramal and private equity firm TPG, who are investors in Shriram Capital, will be given an opportunity to exit before the merger takes place.

Stake dilution post IDFC-Shriram merger concerns govt and Malaysian fund Khazanah

The Centre which holds 16.38 percent stake in IDFC has expressed its displeasure over the planned merger between Shriram Capital and its associate's companies with IDFC and its subsidiary IDFC on concerns of substantial dilution of ownership.

Marriage of IDFC and Shriram is riddled with question marks

What’s still not clear is the swap ratio at the level of the bank and holding company and finally how shareholders of the Shriram Group’s retail lending arms would consent to a merger that is detrimental to their interests.

IDFC, Shriram Group to announce merger on July 8 to create over $10 bn company: Sources

IDFC and Shriram group are exploring options to merge various businesses to create a financial powerhouse worth of over USD 10 billion, sources told CNBC-TV18. An announcement is likely to be made on July 8.

Piramal looking to consolidate hold over Shriram Group

Ajay Piramal is likely to raise his stake in Shriram Capital to one-thirds from one-fifths, reports The Economic Times. The Piramal Enterprises Chairman will also be naming an executive as the CEO.

Piramal CFO Rajesh Laddha may join Shriram Cap as MD & CEO: Srcs

According to sources, Rajesh Laddha, who has worked with the Piramal Group for over 15 years and is currently the Chief Financial Officer (CFO) of Piramal Enterprises, may soon join Shriram Capital as MD and CEO.

CCI clears Sanlam's stake buy in Shriram Grp's insurance firms

South Africa-based financial services firm Sanlam Ltd has got fair trade regulator CCI's approval to acquire 23 percent stake each in Shriram Group's two insurance firms.

Shriram Transport Q4 profit tanks 55% to Rs 144 cr

Shriram Transport Finance Company today reported a 54.56 percent plunge in profit to Rs 143.92 crore for the fourth quarter ended March 31.

Shriram Group interested in securing small bank licence

The group said it wants to get into banking space as it would fill up the gap it has in terms of their product offerings.

Jalan panel on bank licences to hold last meeting on Feb 25

The Bimal Jalan panel which is scrutinising applications for new bank licences will hold its last meeting on Tuesday.

Piramal's stake deal with Shriram Cap set to materialise

Ajay Piramal is already associated with the group after he picked up private equity major TPG's 10 percent in used-commercial vehicles financier Shriram Transport Finance last year.

Videocon Ind unit withdraws application for bank licence

Value Industries was among the 26 applicants for a new banking licence in the private sector, for which the Reserve Bank had invited applications by July 1 this year.