Sundaram Finance Raises Fund Limit to ₹16,000 cr

Sundaram Finance board approves revision of fund raising limit from ₹13,000 cr to ₹16,000 cr through Non-Convertible Debentures for FY 2025-26, enhancing capital mobilization capacity.

Sundaram Finance Approves ₹16 Dividend Per Share

Sundaram Finance has approved a dividend payment of ₹16 per share for its shareholders, marking a significant return distribution by the non-banking financial company.

Sundaram Finance Q3 Net Profit Rises 17.4% YoY

Sundaram Finance reported consolidated net profit of ₹5.40 billion for Q3, marking a significant 17.4% increase from ₹4.60 billion in the corresponding quarter of the previous year.

Sundaram Home Finance Q3 Net Profit Rises 20%

Sundaram Home Finance reported 20% growth in Q3 net profit to Rs 75.14 crore, with disbursements reaching Rs 1,740.79 crore and assets under management growing 18% to Rs 18,880 crore.

Sundaram Finance Board Approves Acquisition of Capitalgate Investment Advisors by Subsidiary

Sundaram Finance Limited's Board of Directors granted in-principle approval for the acquisition of Capitalgate Investment Advisors Private Limited (CGIA) by its subsidiary Sundaram Alternate Assets Limited (SAAL). The acquisition involves a cash consideration of ₹35 crore for 100% shareholding. CGIA, incorporated in 2017, is a research services company specializing in credit research on listed fixed income securities. The company reported revenue of ₹21.87 lakh and profit before tax of ₹12.40 lakh in its latest results. Following the acquisition, CGIA is proposed to be amalgamated with SAAL, subject to regulatory approvals. The transaction is classified as a related party transaction and has received prior approval from the Audit Committee. CGIA is developing an AI engine for real-time research delivery, which could add value to SAAL's fund business.