Sanlam has invested ₹105 crore in Shriram AMC, acquiring a 23% stake and becoming a co-promoter. As a result, share price of Shriram AMC has surged over 10% following the announcement. This move deepens Sanlam’s India presence and supports Shriram AMC’s quantamental investment strategy.
Sanlam, South Africa’s largest asset manager, has made its foray into the Indian asset management space by investing in Shriram Asset Management Company Limited (Shriram AMC). As a result, the stock of the Shriram AMC soared by 11% to an intraday high of ₹494.
Sanlam—South Africa’s largest asset manager with $80bn in AUM. With this move, Sanlam displays its strong commitment to India’s rapidly growing asset management industry.
As of 12:28 PM IST, the share price of Shriram AMC was trading at ₹489.30 per share, up by 10.28%. On a year-to-date basis, the stock has declined by 17.84% while in the last 12 months it has surged by 75.77%.
On May 27, 2025, Shriram Asset Management Company Limited (Shriram AMC) announced a strategic partnership with Sanlam, South Africa's largest asset manager with $80 billion in Assets Under Management (AUM). This collaboration marks Sanlam's entry into the Indian asset management market and deepens its two-decade partnership with the Shriram Group.
Shriram AMC has completed a preferential allotment of 38.89 lakh equity shares to Sanlam Emerging Markets (Mauritius) Limited (SEMM), raising ₹105 crore in growth capital. With this allotment and the mandatory open offers, SEMM now holds a 23% direct stake in India’s first listed AMC and joins as a co-promoter alongside existing promoter Shriram Credit Company Limited (SCCL). As a result, total promoter shareholding has increased from 62.55% to 71.17%, and Shriram AMC’s Board will be reconstituted to include Sanlam’s representatives.
The partnership aims to make high-quality investment solutions accessible to customers across all segments and to boost `quantamental` investing, expand product innovation, and attract top talent in India’s evolving MF space
Kartik Jain, MD & CEO, Shriram AMC, said: “This partnership is more than capital—it’s a strong endorsement of our quantamental approach that fuses data science with fundamental insights. Leveraging its expertise in both quantitative and fundamental analysis, Sanlam will enhance the sophistication of Shriram AMC’s investment processes and help deliver relevant and differentiated investment solutions to the right customer segments. As a result, this strategic partnership will further strengthen the key pillars of our strategy covering the 3Ps of Performance, Products and Placement."
In 2022, Shriram Group secured an investment from Mission1 Investments LLC, which acquired a 23% stake in Shriram AMC. Gaurav Patankar, Managing Partner & CIO, Mission1 Investments, expressed excitement about Sanlam joining as a co-promoter, anticipating strong long-term value creation for shareholders.
Shriram Asset Management Company Limited, incorporated in 1994, offers a mixed product line including hybrid, equity, and debt funds. It employs a "quantamental" approach, blending quantitative analysis with fundamental research.
The Sanlam Group, established in 1918 and listed on the Johannesburg Stock Exchange (JSE), Namibian Stock Exchange, and A2X Markets Limited, is the largest non-banking financial services group in South Africa, operating in 31 countries. It provides comprehensive financial solutions such as life and general insurance, health, financial planning, retirement, investments, wealth management, and credit.
Disclaimer: The article is for informational purposes only and not investment advice.
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