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Piramal Enterprises: After TPG, Piramal plans to sell entire 8.34% stake in Shriram Finance

Business Standard

A day after American private equity major TPG sold its stake in Shriram Finance, Piramal Enterprises is planning to sell its entire 8.34 per cent stake in the company via block deals on Wednesday.


About 31 million shares worth ~4,832 crore have been offered by the company to institutional investors, per a term sheet.


On Tuesday, Shriram Finance closed at Rs 1,559 per share, and the deal floor price was fixed at…


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