South Africa's Sanlam Acquires 23% Stake in Shriram AMC
By Ankur Chandra | Updated at: May 31, 2025 07:30 PM IST
Mumbai, May 27, 2025: In a significant move signalling global confidence in India’s asset management sector, South Africa’s Sanlam Group has acquired a 23% stake in Shriram Asset Management Company Ltd (BSE: 531359), injecting ₹105 crore through a preferential allotment of 38.89 lakh shares. This strategic investment makes Sanlam a co-promoter alongside Shriram Credit Company Ltd.
Key Transaction Details
| Particulars | Details |
|---|---|
| Stake Acquired by Sanlam | 23% |
| Capital Infused | ₹105 crore |
| Mode of Investment | Preferential Allotment (38.89 lakh shares) |
| Total Promoter Holding (Post-deal) | Increased from 62.55% to 71.17% |
| Sanlam’s Role | Co-promoter and Board Representation |
Strategic Significance
The capital infusion is set to accelerate Shriram AMC’s commitment to its “quantamental” investment strategy—a unique blend of quantitative analysis and traditional fundamentals. The funding will be used to expand its product portfolio, enhance distribution reach, and attract top talent to strengthen its market presence.
“This partnership reflects more than funding—it’s a validation of our differentiated investment philosophy,” said Kartik Jain, MD & CEO of Shriram AMC. “With Sanlam’s global experience, we are well-positioned to drive our 3P strategy: Performance, Products, and Placement.”
Sanlam Investments CEO Carl Roothman echoed the sentiment, stating, “India remains a long-term strategic priority. This collaboration builds on two decades of mutual trust between our groups.”
Reinforcing Long-Term Vision
This investment follows a 2022 infusion by Mission1 Investments LLC, which also holds a 23% stake. Gaurav Patankar, CIO at Mission1, highlighted the enduring partnership: “Having two experienced co-promoters with a history of collaboration lays a strong foundation for long-term shareholder value.”
Company Snapshot
- Shriram AMC: SEBI-registered since 1994, India’s first listed AMC, managing hybrid, equity, and debt funds through its quantamental model.
- Sanlam Group: South Africa’s largest non-banking financial services provider, with operations in 31 countries and over $80 billion in assets under management.
This partnership marks a major step toward innovation-led growth in India’s dynamic mutual fund landscape
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/8a4f9bce-146f-4d50-be46-8986ab07879f.pdf
