SUNDARAM FINANCE LTD.

SUNDARAM FINANCE LTD. - Upadates

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29 Jul 2015
With reference to the earlier letter dated February 18, 2015, Sundaram Finance Ltd has now informed BSE that the Company <BR>on July 29, 2015 have acquired the entire 26% equity stake, being 8,19,00,000 equity shares of Rs. 10/- each, held by Royal & Sun Alliance Insurance PLC in the equity share capital of Royal Sundaram Alliance Insurance Company Limited (Royal Sundaram), for a total consideration of Rs. 450 cr. Consequent to the said acquisition, the holding of the Company in Royal Sundaram has increased from 49.90% to 75.90% and Royal Sundaram has become a subsidiary of the Company.
View all announcements for SUNDARAM FINANCE LTD.	Source: BSE India

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