RBI Approves Shriram Finance’s Purchase of A 100% SOIPL Shareholding
A 100% equity investment in Shriram Overseas Investments Private Limited (SOIPL) from (SIHPL) has been approved by the (RBI) for Shriram Finance Limited.
The (RBI) has approved the acquisition of a 100% equity stake in Shriram Overseas Investments Private Limited (SOIPL) from Shriram Investments Holdings Private Limited (SIHPL) by Shriram Finance Limited, the flagship company of the Shriram Group conglomerate, the company announced in a regulatory filing on Tuesday.
The RBI’s clearance, which was expressed in a letter dated April 1, 2025, also permits the appointment of Parag Sharma, Managing Director & CFO, and Umesh Revankar, Executive Vice Chairman, as Directors on the SOIPL board.
Subject to the central bank’s approval, the business had told stock markets last year that its Board of Directors had accepted the purchase proposal at a meeting on April 26, 2024.
Additionally, the RBI has approved the appointment of Parag Sharma, Managing Director & CFO of Shriram Finance, and Umesh Revankar, Executive Vice Chairman, as directors on the SOIPL board.
As stated in the filing, “We notify you that today, April 1, 2025, the RBI…had conveyed its approval for the acquisition of 100% shareholding in SOIPL by the Company and the appointment of Mr. Umesh Revankar, Executive Vice Chairman, and Mr. Parag Sharma, Managing Director & CFO of the Company, as Directors on the board of SOIPL, subject to compliance with conditions specified therein.”
On the NSE, Shriram Finance’s shares ended at ₹637.85 per, down 2.77% from the closing price. According to Executive Vice Chairman Umesh Revankar, the company’s assets under management (AUM) will likely surpass ₹3 lakh crore in the fiscal year 2026 (FY26), driven by an anticipated 15% increase in loans.
“If GDP growth is 6.5% in FY26, we anticipate credit growth of 15%. Loan growth typically exceeds GDP growth by more than two times. “The demand for loans increases with GDP growth,” PTI cited Revankar as adding.
In response to a question concerning the asset book aim, he stated that it should surpass ₹3 lakh crore in FY26 and conclude the current fiscal year at above ₹2.5 lakh crore.
Even though the projection was 15%, Shriram Finance will complete the current fiscal year with 18% credit growth, he said, adding that the business had surpassed its goal.
