TPG takes 23% stake in India’s Shriram City Union NBFC
TPG Capital has acquired a direct 22.65% stake in Shriram City Union Finance (SCUF) following a restructuring of the non-bank financing company’s (NBFC) holding vehicles.
According to a regulatory filing, TPG India Investments I was allotted 13.42 million shares of SCUF following the merger of its investee Shriram Retail Holdings with SCUF. SCUF shares closed at INR899.50...
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