Shriram Finance Secures RBI Approval for 100% Stake in SOIPL, Targets ₹3 Lakh Crore AUM by FY26
2025-04-01
CNBCTV18
In a significant development, Shriram Finance has received the Reserve Bank of India's (RBI) nod to acquire a 100% stake in SOIPL. The approval, granted on April 1, 2025, also includes the appointment of key executives as Directors on SOIPL's board, paving the way for the company's ambitious growth plans, including achieving ₹3 lakh crore in assets under management (AUM) by FY26, driven by strategic investments and financial services expansion, with a focus on digital transformation and customer experience.
