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Company insights, generated from the most recent coverage.
Sanlam is not a new partner but a deepening one — it already holds 40.70% of Shriram Capital Pvt Ltd, the AMC's ultimate holding company, plus a 20-year group relationship in financing and insurance.
Sanlam's ~₹105 Cr allotment at ₹270/share in Apr-25 cannot explain FY26 AUM growth — only ₹29.22 Cr had been utilised by Mar-26, so most of the money is still idle in the balance sheet.
Mission1's May-2022 capital (~₹37 Cr via ₹18.8 Cr CCDs at 9.5% plus warrants at ₹124.30) converted into equity only through FY24, so the funding arrived just as AUM doubled — correlation, not proven causation.