Shriran Group Increases Share Holding In SIHL

  • The Competition Commission of India (CCI) has approved the proposed acquisition of Shriram Ownership Trust’s shareholding of Shriram Investment Holdings Private Limited. 
  • The deal involves the acquisition of 9.44% and 20% stakes of SIHL held by APRN Enterprises Private Limited and Piramal Enterprises Limited. 
  • The acquisition aims to increase the holding in SIHL by SCPL and SOT to 100%. 
  • SIHL, an unregistered core investment company, has a standalone asset size of Rs. 3,976 crore and a turnover of Rs. 1,881 crore as of 31st March 2023. 
  • The Shriram Group plans to increase its holding in SIHL and its financial services business by acquiring stakes from PEL and APRN.
Posted in Current Affairs.