Shriram Finance Limited announced the divestment of its entire equity stake in its overseas subsidiary, Shriram Overseas Investments Private Limited, which holds an investment in Armour Insurance Services WLL, Bahrain. The transaction was executed on March 11, 2026, with an expected completion date of March 11, 2026. The total consideration received for the sale was USD 172,000. The transaction does not fall under related party transactions, and the buyer is not associated with the promoter group.
Divestment of Overseas Subsidiary Stake Confirmed
Shriram Finance Limited has formally disclosed the divestment of its entire equity stake in its overseas subsidiary, Shriram Overseas Investments Private Limited. This disclosure is made in compliance with applicable listing regulations. The primary asset held by this overseas entity is an investment in Armour Insurance Services WLL, based in Bahrain.
Transaction Details and Financials
The agreement for the sale was entered into on March 10, 2026, with the transaction completion expected and confirmed on March 11, 2026. The total consideration received from this sale/disposal amounted to USD 172,000/- (United States Dollars One Hundred Seventy Two Thousand Only).
In terms of financial contribution from the divested unit for the financial year ended December 31, 2025 (provisional):
- Turnover/Revenue/Income contributed 0.00% (Amount: Rs. 0.00 Crore).
- Net Worth contributed 0.01% (Amount: Rs. 3.36 Crore).
Buyer Information and Related Party Status
The buyer in this transaction is identified as Mr. Ali Junaid Abid, Non – Resident Indian. It is explicitly noted that the buyer does not belong to the promoter/promoter group/group companies of the Company.
Furthermore, the transaction does not fall within related party transactions. The company confirmed that the sale, lease, or disposal of the undertaking is Not Applicable under the Scheme of Arrangement, and the requirements for a slump sale disclosure are also Not Applicable.
Source: BSE
