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| Exchange Disseminated Time | With reference to the earlier letter dated February 18, 2015, Sundaram Finance Ltd has now informed BSE that the Company
on July 29, 2015 have acquired the entire 26% equity stake, being 8,19,00,000 equity shares of Rs. 10/- each, held by Royal & Sun Alliance Insurance PLC in the equity share capital of Royal Sundaram Alliance Insurance Company Limited (Royal Sundaram), for a total consideration of Rs. 450 cr. Consequent to the said acquisition, the holding of the Company in Royal Sundaram has increased from 49.90% to 75.90% and Royal Sundaram has become a subsidiary of the Company. |
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