American Funds (Capital Group) increased its stake in Shriram Finance from 1.11% to 1.20%, buying 73,49,941 shares.
A deposit-taking non-banking financial company specializing in commercial vehicle financing, primarily for trucks across new and pre-owned segments. Operating through an extensive network of branches and rural centers, the company serves individual borrowers and maintains partnerships with private financiers to expand its reach. Part of the Shriram Group conglomerate, it focuses on providing vehicle financing solutions to India's transportation and logistics sector.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.
