| | JUNE 20258Shriram Asset Management Company finalized the preferential issuance to South Africa's Sanlam Emerging Market, securing Rs 105 crore in growth funds as part of a strategic alliance with the wealth manager, causing Shriram AMC shares to rise to 10 percent in early trade and marking Sanlam's entry into India's asset management sector. Salam is currently a co-promoter of the AMC, holding a 71.17 percent share.With this allocation and the required open offers, SEMM now owns a 23 percent direct stake in India's first listed AMC and becomes a co-promoter alongside the current promoter, Shriram Credit Company Limited (SCCL).Kartik Jain, MD & CEO, Shriram AMC, says, "The partnership will further strengthen the company's investment strategy. 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."Sanlam, with $80 billion in assets under management, is South Africa's leading asset manager and has collaborated with the Shriram Group for over twenty years, highlighting the swift expansion of India's asset management sector.The Shriram Group secured investment from Mission1 Investments LLC, which obtained a 23 percent ownership in Shriram AMC in 2022. Mission1's Managing Partner and CIO, Gaurav Patankar, stated that the opportunities in the asset management sector in India are as intriguing, if not more so, than they were in 2022. SANLAM INVESTS RS 105 CR IN SHRIRAM GROUPIN FOCUSHarsh Goenka's selection Udayan Dutt, will be succeeding S Venkatesh, as president-group HR at Mumbai-based business conglomerate, RPG Group. He will assume the role on June 2, 2025. Udayan brings over 25 years of HR experience, including a decade at Unilever, to further enhance RPG's people-centric culture.Udayan, is former vice-president of human resources for global finance, IT & digitization, legal and transformation at British multinational consumer goods company Reckitt Benckiser. He exited Reckitt Benckiser in March 2025, and will succeed S Venkatesh who recently moved on from RPG after more than 11 years.Udayan's LinkedIn post on Friday stated, "I will join RPG Enterprises as president-group HR on June 2, 2025, building upon its rich legacy of innovation, care, inclusion and high-performance culture.Guided by Harsh Goenka and the group's leadership, we will shape a people's agenda that drives business success and employee well-being, ensuring a future where both thrive."Udyan, an XLRI Jamshedpur alumnus has over 25 years of versatile experience, including a nearly decade-long stint at Unilever, where in his last role was leading HR for the company's marketing function for South Asia. Later he joined Reckitt Benckiser as regional HR director, South Asia in 2018 and assumed additional responsibilities before becoming the VP-HR, accountable for driving organizational transformation across all global functions. RPG GROUP GETS NEW PRESIDENT-GROUP HRIN FOCUS
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