Shriram AMC approves strategic investment by Mission1 Investments
Company News

Shriram AMC approves strategic investment by Mission1 Investments

Shriram Asset Management Company (AMC) told the media that its board members had approved a strategic investment by Mission1 Investments, which will acquire a 23% stake in the company.

The partnership will enhance Shriram Group's focus and its attention towards building an investment solutions platform, focusing on empowering the end consumer, retail and institutional.

The company said that with Rs 35 crore investment, Mission1 Investments would hold a 23% stake in Shriram AMC.

Mission1 will subscribe to compulsorily convertible debentures (CCSs) and warrants in 18 months at a conversion price of Rs 124.30 per share and a premium of 24%.

The promoters will invest Rs 50 crore by compulsorily convertible preference shares (CCPs) at the same conversion price of Rs 124.30 per unit.

The transaction is subject to the Securities and Exchange Board of India's (SEBI) approval.

Currently, Shriram's ownership stake of 68.67% of the paid-up capital will lower to 62.55% after conversion.

Mission1 Investments is an impact-focused investment partnership to democratise access to investments and wealth creation and generate a strong financial return for its partners.

Moreover, 10% of the company's equity will be kept aside for employees stock option plans (ESOPs), having an additional provision of 10% going forward, and one investor representative will join the company's board as a non-executive director and vice-chairman.

Presently, Shriram Credit Company holds a 62.5 per cent stake after the strategic investment of Mission1 in Shriram AMC. The company is the present sponsor of the asset management firm.

Image Source

Also read: Shriram Group announces merger to create largest retail finance

Shriram Asset Management Company (AMC) told the media that its board members had approved a strategic investment by Mission1 Investments, which will acquire a 23% stake in the company. The partnership will enhance Shriram Group's focus and its attention towards building an investment solutions platform, focusing on empowering the end consumer, retail and institutional. The company said that with Rs 35 crore investment, Mission1 Investments would hold a 23% stake in Shriram AMC. Mission1 will subscribe to compulsorily convertible debentures (CCSs) and warrants in 18 months at a conversion price of Rs 124.30 per share and a premium of 24%. The promoters will invest Rs 50 crore by compulsorily convertible preference shares (CCPs) at the same conversion price of Rs 124.30 per unit. The transaction is subject to the Securities and Exchange Board of India's (SEBI) approval. Currently, Shriram's ownership stake of 68.67% of the paid-up capital will lower to 62.55% after conversion. Mission1 Investments is an impact-focused investment partnership to democratise access to investments and wealth creation and generate a strong financial return for its partners. Moreover, 10% of the company's equity will be kept aside for employees stock option plans (ESOPs), having an additional provision of 10% going forward, and one investor representative will join the company's board as a non-executive director and vice-chairman. Presently, Shriram Credit Company holds a 62.5 per cent stake after the strategic investment of Mission1 in Shriram AMC. The company is the present sponsor of the asset management firm. Image Source Also read: Shriram Group announces merger to create largest retail finance

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?