CCI Clears Share Acquisition Deal in Shriram Asset Management

10 Apr 2025 CW Team

The Competition Commission of India has approved a proposed deal involving the acquisition of shares in Shriram Asset Management Company (SAMC) by Sanlam Emerging Market (Mauritius) Limited (SEMM) and Shriram Credit Company Limited (SCCL).

As part of the agreement, SEMM will acquire 23 per cent of SAMC’s expanded voting share capital through a preferential allotment. Additionally, SEMM, along with SCCL, will launch an open offer to acquire up to 26 per cent more shares from the public, in accordance with SEBI’s takeover regulations.

SEMM, a Mauritius-based company and part of South Africa’s Sanlam Group, already holds a 40.7 per cent stake in Shriram Capital, the parent company of SAMC. SCCL, a subsidiary of Shriram Investment Holdings and part of the Shriram Group, currently acts as the promoter and sponsor of SAMC.

SAMC, which operates under the Shriram Group, is registered with SEBI as an asset management company. While it has received regulatory approval to offer portfolio management services, it has not yet begun operations in that area.

A detailed order from the Competition Commission is expected to follow.

Image Source: Generated by ChatGPT

Infrastructure Urban

12 May 2026

Blue Dart posts revenue growth in FY26 on e-commerce and B2B demand

Blue Dart Express Limited, South Asia’s express air and integrated transportation and distribution company, has reported year-on-year growth in revenue for the financial year ended March 31, 2026, driven by strong momentum in e-commerce shipments and B2B surface express solutions.Announcing its financial results after the Board Meeting held in Mumbai, the company said revenue from operations rose to Rs 6,141 crore in FY2025–26, compared to Rs 5,720 crore in FY2024–25. Profit after tax for the year stood at Rs 240 crore.For the quarter ended March 31, 2026, Blue Dart reported revenue from..

Terex launches TRAC vibration analysis system

Terex®, a global provider of specialised equipment solutions, has launched TRAC, a new vibration analysis system designed to deliver deeper insight into the performance, condition and long-term structural integrity of screening equipment.Announced in Hosur on May 11, 2026, the TRAC system is now available across screening equipment offered under Terex Materials Processing (MP) brands, including Powerscreen®, Finlay®, EvoQuip®, MDS®, Terex® Washing Systems, Terex® MPS (Cedarapids®, Simplicity®), MAGNA™ and Terex® Ecotec.Developed specifically for vibratory screening equipment by Ter..

ADIO partners Motherson to set up large automotive components hub in KEZAD

The Abu Dhabi Investment Office (ADIO) has announced its support for Samvardhana Motherson International Limited’s (Motherson) new manufacturing hub in Abu Dhabi, marking a major step in strengthening the emirate’s position as a global centre for advanced manufacturing and automotive supply chains.ADIO said the partnership aligns with its strategy to accelerate high-value industrial investments and build resilient supply chains across priority sectors, further reinforcing Abu Dhabi’s competitiveness as a regional and global manufacturing and export hub.Under the partnership, a large-scal..