Sundaram Finance to merge its two subsidiaries
DSIJ Intelligence / 19 Jan 2017
Sundaram Finance (SFL) has announced that the company's board of directors had decided on January 18, 2017 to amalgamate its wholly-owned subsidiary Sundaram Insurance Broking Services Ltd with LGF Services Ltd, another wholly-owned subsidiary of SFL.
Sundaram Finance (SFL) has announced that the company's board of directors had decided on January 18, 2017 to amalgamate its wholly-owned subsidiary Sundaram Insurance Broking Services Ltd with LGF Services Ltd, another wholly-owned subsidiary of SFL.
Sundaram Finance stock closed at Rs 1266.80, up by Rs 19.90 or 1.60 per cent. Over the last one yewar, the stock has delivered negative returns of -5.43 per cent. However, the stock has delivered 28 per cent return over a three year period and 36.11 per cent return over a period of five years.
The stock has underperformed the BSE Mid Cap and Nifty Financial Services index during the last one year, but it has outperformed the two indices over a three-year period.
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