- Shriram Overseas Investments received RBI's in-principle approval for Primary Dealer business
- Approval is subject to compliance with RBI conditions as per Shriram Finance filing
- The approval was granted on April 15, 2026
Shriram Finance on Wednesday said its wholly owned subsidiary Shriram Overseas Investments Ltd has received in-principle approval from RBI to commence Primary Dealer (PD) business.
"Shriram Overseas Investments Ltd., wholly owned subsidiary of the Company, has received today i.e., April 15, 2026, an in-principal approval to commence Primary Dealer (PD) business from Reserve Bank of India, subject to compliance with the conditions," Shriram Finance said in a regulatory filing.
Shares of Shriram Finance closed at Rs 1,020.95, up 1.67%, on BSE.
ALSO READ: Fitch Upgrades Shriram Finance's Rating To BBB-
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