TPG pays $100m for 15% stake in Shriram Properties
TPG has bought a 15% holding in Shriram Properties, the real estate arm of Indian financial services player Shirarm Group, for INR450 crore ($100 million).
In August of last year, the US private equity firm was reportedly discussing a $100 million investment for a 25% stake, which would have valued Shriram Properties at over $400 million. The purchase of...
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