Shriram Group plans to raise ₹2,000-2,400 crore in debt to buy Piramal Enterprises stake in Shriram Investment Holdings. Piramal Enterprises fully exits Shriram Group after selling its stake in Shriram Finance.
In a regulatory filing, Piramal Enterprise said it has sold its entire direct investment of 8.34 per cent (3,12,21,449 shares) in the fully paid-up share capital of Shriram Finance to third party investors, on the floor of the stock exchange.
Non banking finance company (NBFC) Piramal Enterprises Ltd on Wednesday said it has sold its 8.34 per cent stakes in Shriram Finance Ltd.In a regulatory filing, Piramal Enterprise said it has sold its entire direct investment of 8.34 per cent .
Piramal Enterprises exits Shriram Finance selling 8 34% stake morungexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morungexpress.com Daily Mail and Mail on Sunday newspapers.
Private equity firm TPG and Ajay Piramal-led Piramal Group are on the verge of selling their combined stake of about 30% in Shriram General Insurance Holdings, a media report said.
The firm is likely to be valued around $2 billion in the transaction, Business Standard reported, citing sources close to the ..