Shriram Asset Management Company Ltd — Updates, 30-07-2025: Company Update
30-07-2025 | 08:13 pm
30-07-2025 | 08:13 pm
Shriram Asset Management Company confirmed that proceeds from its preferential issue are being utilized as intended, with no deviation from the stated objects. For the quarter ended June 30, 2025, the company utilized 9.53 Cr from the 105 Cr raised. This includes 4.46 Cr for working capital, 0.05 Cr for business expansion, and 5.02 Cr for general corporate purposes, including 5 Cr allocated to PMS business net worth. The remaining 95.47 Cr is strategically invested in short-term instruments and a fixed deposit, generating income. This indicates responsible fund deployment in line with investor expectations.
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