TPG's exit from Shriram Capital may take time, says R Thyagarajan

Economic slowdown will delay decision, says founder of Shriram Group.

TPG Capital's exit from Shriram Capital will take time as the economic slowdown may not give investors the right value for a stake sale, said R Thyagarajan, founder of the holding Shriram Group. 

TPG holds around 10 per cent stake in Shriram Capital, the holding company of listed NBFCs Shriram Transport Finance Company (STFC) and Shriram City Union Finance (SCUF). It expects high value for its stake but international investors may not be keen on India, particularly in NBFCs now, he said.

"It is very difficult to say when (the deal will be concluded) in the present circumstances (as) the