Temasek eyes TPG's stake in Shriram Transport - reports
Singaporean sovereign wealth fund Temasek Holdings is reportedly in negotiations with US buyout firm TPG Capital to purchase a stake in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender. According to India’s Business Standard, the deal could be worth as much as INR25 billion ($560 million).
Last month, reports surfaced that TPG, which has an estimated 20%, indirect stake in the company, sought an exit, further targeting as much as $1 billion for its shares. That figure would translate to...
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