India's Shriram Capital halts three-way merger after central bank request

India's Shriram Capital halts three-way merger after central bank request

RBI logo from the Bank's social media page. September 2015

Shriram Capital Ltd. has held off a plan to merge with its shadow lending arms after the Reserve Bank of India requested the group to cut its stake in its insurance business, according to people familiar with the matter.

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