Page 8 - Shriram Group
KKR likely to pick 20% stake in Piramal Enterprises for Rs 3,500 crore
Talks are still in advanced stage with KKR, say bankers
 "KKR likely to pick 20% stake in Piramal Enterprises for Rs 3,500 crore")
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 Automall buys car selling portal BlueJack to strengthen offline biz")
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
 "Shriram Capital's consolidated profit after tax doubles in 5 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
 "Piramal will have to raise Rs 3,033 crore to meet financial commitments")
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"
 "Shriram Group is driven by culture, not person: Thyagarajan on Piramal exit")
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.
 "Billionaire Ajay Piramal says he will step down from Shriram Capital")
TPG's exit from Shriram Capital may take time, says R Thyagarajan
Economic slowdown will delay decision, says founder of Shriram Group.
 "TPG's exit from Shriram Capital may take time, says R Thyagarajan")
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
 "Piramal's exit will not impact Shriram Group companies: R 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
 "KKR and Blackstone Group consider $3 billion Shriram deal: Sources")
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
 "Shriram group may merge two of its listed non-banking finance companies")
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
 "If SVL doesn't honour repayment, Shriram Ownership Trust will: Thyagarajan")
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
 "Sanlam seeks regulators' nod to acquire 23% stake in Shriram life & general insurance firms")