 "Piramal group")
Piramal Enterprises has sold its entire investment of 20 per cent in Shriram Investment Holdings Private (formerly known as Shriram Investment Holdings) to Shriram Ownership Trust (SOT) for a consideration of Rs 1,440 crore.
“This transaction is aligned with our focus on monetising non-core assets. The proceeds will further strengthen our balance sheet,” the company said in a statement.
SOT is the promoter of Shriram Capital Private Limited, which is the overarching holding company of Shriram Group. Shriram Group offers a wide range of financial products in commercial vehicle financing, retail financing, chit funds, housing finance, life insurance, general insurance, stockbroking, distribution of financial products, and wealth advisory through its entities.
