Dear All, as previously mentioned by me that Shriram AMC was step down subsidiary of Shriram Finance, the same is not true. It is still owned by the promoters of Shriram Finance i.e. privately held. Also have taken confirmation from the CS that Shriram Credit (which holds Shriram AMC) is held by Shriram Investment Holdings Ltd.
With this development it warrants a 15-20% reduction in my position.
It however doesn’t change the broad thesis as I can see a lot of changes happening within the co be it hiring, distributors additions, Shriram Finance MD confirming their intent to grow this business and many changes elaborated earlier.
@RG477 @Ajitesh_Garg pls note.
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