Sundaram Finance Limited has successfully completed the amalgamation of its wholly-owned subsidiary, Capitalgate Investment Advisors Private Limited (CGIA), with Sundaram Alternate Assets Limited (SAAL). The merger, sanctioned by the Office of the Regional Director, Southern Region, Chennai, became effective on 17th April 2026, with an appointed date of 1st January 2026.
The transaction, which is a related party transaction for SAAL, was conducted at arm’s length. Mr. Karthik Athreya, Director of SAAL, holds an interest in the target entity through his shareholding. The promoters and other group companies of Sundaram Finance Limited (SFL) have no interest in CGIA.
CGIA, engaged in business and management consultancy services, reported a revenue of ₹21.87 lakhs and a profit after tax (PAT) of ₹9.83 lakhs for the financial year 2024-25. In comparison, SAAL, which provides financial intermediation and asset management services, recorded a revenue of ₹12,864 lakhs and a PAT of ₹1,950 lakhs during the same period.
The merger does not involve any cash consideration or share exchange ratio, as it is an internal restructuring between SAAL and its wholly-owned subsidiary, CGIA. Consequently, there will be no change in the shareholding pattern of the listed entity, Sundaram Finance Limited.
This strategic move is expected to streamline operations and enhance the financial services offered by Sundaram Alternate Assets Limited, thereby strengthening the overall business portfolio of Sundaram Finance Limited.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).