Temasek, Bain in race for TPG's Shriram Transport stake - report
Temasek Holdings, Bain Capital and Piramal Group, a conglomerate run by Ajay Piramal, are reportedly leading the race to acquire TPG Capital's 20% stake in Shriram Transport Finance Corp (STFC), one of the leading commercial vehicle lenders in India.
The transaction is expected to close next month once court approval is given for the merger of STFC and its unlisted parent and largest shareholder Shriram Holdings Madras, two people familiar with the...
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