TPG said to pause Shriram Capital stake sale due to valuation concerns

TPG said to pause Shriram Capital stake sale due to valuation concerns

Mumbai. Photo: Sergio Souza/Unsplash

TPG Capital has paused a sale of its stake in privately-held Indian financier Shriram Capital Ltd. as the country’s lingering shadow banking crisis hurts valuations, according to people with knowledge of the matter.

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