Shriram Overseas Investments Receives In-Principle Approval for Primary Dealer Business
Shriram Finance Ltd. has announced that its wholly owned subsidiary, Shriram Overseas Investments Limited, has received in-principle approval from the Reserve Bank of India (RBI) to commence Primary Dealer (PD) business. The approval was granted on April 15, 2026.The development marks a significant operational step for the subsidiary. The RBI granted the in-principle approval, stipulating that the commencement of the PD business is subject to the company's compliance with specific conditions set forth by the central bank.
The announcement confirms the advancement of Shriram Overseas Investments Limited in its goal to enter the Primary Dealer segment, solidifying its presence in financial market infrastructure.
Stock Price Movement
As of 15:24, Shriram Finance Ltd shares are ticking up, currently trading at ₹1022.05, representing a gain of 1.78%. Throughout the trading day, the stock exhibited volatility, moving between a low of ₹1019.55 and a high of ₹1043.00.Source:
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