Business Standard

Trying to bring Shriram Group units under one unit, says Ajay Piramal

Piramal Enterprises has a 20% stake in unlisted Shriram Capital and 10% each in Shriram Transport and Shriram City Union

Ajay Piramal
Premium

Piramal Enterprises Chairman Ajay Piramal said the firm was looking at exiting the investment for a value

Abhijit Lele Mumbai
Piramal Enterprises is planning to merge the financial businesses of Shriram Group under one unit, Chairman Ajay Piramal said on Friday.

The company is also looking at exiting the investment for a value. But it was not possible to give a timeline for any such transaction, Piramal said.

Piramal Enterprises has a 20 per cent stake in unlisted Shriram Capital and 10 per cent each in Shriram Transport and Shriram City Union. 

Asked about the company’s interest in Dewan Housing Finance Ltd (DHFL), he said the company was looking at buying an asset portfolio, which would be subject to meeting quality norms. It

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 27 2019 | 1:20 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com