Sensex
78,936.88 profit arw 1,635.48 (2.12%)
Nifty
24,411.95 profit arw 451.35 (1.88%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Enter a 10 digit mobile number starting with 7, 8, or 9
Captcha verification code, enter the characters shown below

As on : 05-Nov-2026
Corporate News
05-Nov-2026      10:23

Sundaram Finance to acquire 100% stake in Sundaram Alternate Assets for up to Rs 75 crore

Sundaram Finance Limited announced it has received approval from its board to acquire a 100% stake in Sundaram Alternate Assets Limited (SAAL) from Sundaram Asset Management Company Limited, a wholly-owned subsidiary of Sundaram Finance Limited, for a cost not exceeding Rs 75 crore. The acquisition, intended to simplify the group’s shareholding structure, will make SAAL a direct subsidiary of Sundaram Finance Limited instead of a step-down subsidiary, and is expected to be completed by March 31, 2027, subject to regulatory approvals including those from the Securities and Exchange Board of India.

india

INDIAN INDICES

g-arrw
Sensex

78,936.88 1,635.48 (2.12%)

g-arrw
Nifty

24,411.95 451.35 (1.88%)

logo

GLOBAL INDICES

USD

NA

NASDAQ
g-arrw
HANG SENG

23,888.46 362.48(1.54%)