Shriram Capital mulls merger of group firms to give Piramal, TPG an exit

Shriram Capital mulls merger of group firms to give Piramal, TPG an exit

Piramal Enterprises chairman Ajay Piramal. Photo: Mint

Shriram Capital Ltd., the holding company of Shriram Group of companies, plans to merge two of its largest subsidiaries — Shriram Trasport Finance Co. Ltd and Shriram City Union Finance Ltd. – with itself, aimed at providing an easy exit to investors Piramal Enterprises Ltd. and TPG Capital.

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