Temasek and Others Seek to Purchase TPG’s Stake in Shriram Transport
Posted on 09/12/2012
Temasek Holdings, Bain Capital, and Piramal Group are seeking to acquire a 20% stake in Shriram Transport Finance Company Ltd. (STFC) from private equity firm TPG Newbridge. Shriram Transport Finance Company Ltd. is India’s biggest commercial vehicle financier. TPG Newbridge owns the position through a holding company. Foreign investors cannot purchase more than 10% of […]
