TPG-Backed Shriram Capital close to merging its units

TPG-Backed Shriram Capital close to merging its units

R. Thyagarajan says Shriram Group is not desperately dependent on any deal with anyone. Photo: Nathan G./Mint

R. Thyagarajan, founder of Shriram Capital Group, said the Indian company is getting close to merging its listed units, a move the firm hopes will help the non-bank financier boost its lending and insurance businesses.

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