Financial ServicesPre-market
Sundaram Finance acquires Capitalgate Investment Advisors
pre-market1 source ↓written by the desknot a recommendation
- Investment Advisors
- ₹35 crore
- and will lead
- 100% shareholding
Sundaram Finance's Board has approved the acquisition of Capitalgate Investment Advisors for ₹35 crore. This move, executed through its subsidiary Sundaram Alternate Assets, aims to enhance SFL's financial services portfolio. The acquisition involves a 100% shareholding and will lead to the amalgamation of CGIA with SAAL, pending regulatory approvals. 📈
Not investment advice. For informational purposes only.