Piramal to buy 10% stake in TPG-backed Shriram Capital
Indian conglomerate Piramal will purchase a 10% stake in Shriram Capital, the holding company of Shriram Group's financial services business. TPG Capital owns an 11% stake in the company.
"There are two options for Piramal to purchase a stake in the company," R. Thyagarajan, founder of the Shriram Group told The Economic Times. "He can buy from TPG Capital or we can issue fresh shares to...
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