Sundaram Finance to Acquire 100% Stake in SAAL for ₹75 Cr

Sundaram Finance Ltd's Board of Directors has approved the acquisition of 100% stake in its step-down subsidiary, Sundaram Alternate Assets Limited (SAAL), from its wholly-owned subsidiary, Sundaram Asset Management Company Limited (SAMCL). The acquisition, valued at a cash consideration not exceeding ₹75 crore, aims to simplify the group's shareholding structure, making SAAL a direct subsidiary of Sundaram Finance. SAAL is engaged in managing Alternate Investment Funds and Portfolio Management Services. The transaction is subject to regulatory approvals, including from SEBI, and is expected to be completed by March 31, 2027. The acquisition is being conducted at arm's length, though a promoter group member holds a directorship in SAAL.