Shriram Finance has invested ₹300.01 crore into its wholly-owned subsidiary, Shriram Overseas Investments Limited, through subscription of 19,025,000 equity shares at a premium. This infusion aims to bolster Shriram Overseas’ capital base and facilitate its investment activities. The transaction has been executed at an arm’s length basis. Shriram Overseas reported a turnover of ₹3.26 crore for the financial year ended March 31, 2025.
Capital Infusion into Subsidiary
Shriram Finance has made a significant investment in its wholly-owned subsidiary, Shriram Overseas Investments Limited. The company subscribed to 19,025,000 equity shares of Shriram Overseas, with a face value of ₹10 each. This subscription was made at a premium of ₹147.69 per share.
Investment Details
The total investment amounts to ₹300,00,52,250 (₹300.01 crore). This infusion is intended to strengthen the capital base of Shriram Overseas.
Rationale for the Investment
The primary objective of this investment is to provide Shriram Overseas with additional capital to support its ongoing and future business activities.
Shriram Overseas Financials
For the financial year ended March 31, 2025, Shriram Overseas reported a turnover of ₹3.26 crore. The turnover for previous years is as follows:
- F.Y. 2023-24: ₹3.63 crore
- F.Y. 2022-23: ₹2.14 crore
Nature of Transaction
The transaction has been conducted on an arm’s length basis.
Source: BSE
