Shriram Finance's Subsidiary Receives RBI Approval to Commence Primary Dealer Business
Shriram Finance Ltd announced that its wholly owned subsidiary, Shriram Overseas Investments Limited, has received in-principal approval to begin Primary Dealer (PD) business operations.The development occurred on April 15, 2026. The approval was granted by the Reserve Bank of India (RBI), conditional upon the subsidiary's continued compliance with all specified requirements.
The news confirms a significant operational milestone for Shriram Overseas Investments Limited, enabling the firm to formally commence its role in the Primary Dealer segment of the financial markets.
SHRIRAMFIN Stock Price Movement
Shares of Shriram Finance Limited are edging higher to ₹1023.45 as of 2:32 PM today, rallying 1.93% in live trading. The stock maintains strong momentum, trading on a robust volume of 6.28 million shares.Source:
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