 "TPG gets 22.6% stake Shriram City Union valued at Rs 1,200 cr")
TPG India Investment was alloted 1.34 crore shares, amounting to a 22.65% stake in the non-banking financial firm, Shriram City Union said in a filing.
The share allotment took place following the amalgamation of Shriram Enterprise Holdings Pvt Ltd with Shriram Retail Holdings Pvt Ltd and the subsequent merger of the consolidated entity with Shriram City Union Finance Ltd.
Also Read
At the current market price, the deal is valued at Rs 1,207.29 crore. Shriram City Union Shares gained 0.17% to Rs 899.50 at the close on the BSE.
Shriram City Union is a deposit-accepting company that offers financial services, including retail and vehicle loans.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%