Page 7 - Shriram Group

SAMIL generates Rs 130 cr by selling vehicles, equipment in bidding event

Over 5,600 vehicles and equipment were sold during a day-long physical bidding event titled 'Utsav'

Shriram Capital appoints K P Krishnan as Chairman, effective Feb 19

Krishnan comes with diverse experience of a little under four decades with the central and Karnataka governments

Shriram Housing Finance to raise Rs 400 crore equity capital in H1FY22

The capital will predominantly come from within Shriram group

Shriram Automall to foray into Rs 50,000 cr forward auction industry

After going through extensive tests for nearly three years, SAMIL has become the first private company in India to have its auction portal certified by the prestigious STQC directorate

TCF closes extended fund raising of largest rupee-only capital fund

The sweet spot for the third fund would be around Rs 125-150 crore as compared to around Rs 60-65 crore in the previous fund

Group promoters recommend Puneet Bhatia as nominee in Shriram Transport

Shareholders of Shriram Transport Finance Company had recently voted against Bhatia's reappointment as director

KKR likely to pick 20% stake in Piramal Enterprises for Rs 3,500 crore

Talks are still in advanced stage with KKR, say bankers

Shriram Automall buys car selling portal BlueJack to strengthen offline biz

BlueJack is expected to fully integrate with SAMIL's operations and group companies in first half of 2020

Shriram Capital's consolidated profit after tax doubles in 5 years

Its total income grew to Rs 5,407 crore in 2018-19 (FY19), around 65 per cent in five years

Piramal will have to raise Rs 3,033 crore to meet financial commitments

Group holds 20% in unlisted Shriram Capital and another 10% in Shriram City Union

Shriram Group is driven by culture, not person: Thyagarajan on Piramal exit

"Anybody sitting at the top is not going to make much of a change in the culture, except in the long run of five to 10 years"

Billionaire Ajay Piramal says he will step down from Shriram Capital

Ajay Piramal, who was named chairman of unlisted Shriram Capital in 2014, is exiting the Chennai-based group after failing to consolidate his holdings into a non-banking financial behemoth.

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

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

Piramal's exit will not impact Shriram Group companies: R Thyagarajan

Shriram Group is not driven by one individual; every company has its own management and is run by their respective CEOs, says Thyagarajan

Shriram Group not looking at merging entities for now, says R Thyagarajan

We are focusing on running our businesses better

KKR and Blackstone Group consider $3 billion Shriram deal: Sources

Negotiations around Shriram Group have been held up in part by the market turmoil after the default of IL&FS

Shriram group may merge two of its listed non-banking finance companies

According to analysts and market experts, Shriram Capital will be merged with the new listed entity (STFC and SCUF) through a reverse merger

If SVL doesn't honour repayment, Shriram Ownership Trust will: Thyagarajan

R Thyagarajan, founder, Shriram group says everything will be honoured on the due date if not by SVL, by Shriram Ownership Trust

Sanlam seeks regulators' nod to acquire 23% stake in Shriram life & general insurance firms

Post the acquisition direct and indirect stakes will be 23 % & 26 % respectively