RBI approves 100% stake acquisition of Shriram Overseas Investments from Shriram Investments Holdings

The Reserve Bank of India on Tuesday approved 100 per cent acquisition of Shriram Overseas Investments from Shriram Investments Holdings.

The company also said that the central bank has approved the appointment of Umesh Revankar, Executive Vice Chairman and Parag Sharma, Managing Director & CFO of the Company as Directors on the board of SOIPL, subject to compliance with conditions specified therein.

Meanwhile, Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, is set to cross Rs 3 lakh crore in assets during the current financial year that started today with loan growth of 15 per cent.


We expect 15 per cent credit growth for FY26 if the GDP grows at 6.5 per cent. Usually, loan growth is more than 2 times of the GDP. Higher the GDP growth, higher is the demand for loan," Shriram Finance executive vice chairman Umesh G Revankar told PTI.

Last month, Shriram Finance secured USD 306 million in funding from various multilateral and bilateral development financial institutions including the Asian Development Bank (ADB).

The latest facility, availed under the company's Social Finance Framework, saw participation from leading global financial institutions, including ADB, Japan International Cooperation Agency (JICA), and Exim Bank of India (EXIM) with a long tenor financing.