Shriram Finance hits 52-week high on CCI nod to ₹4,630-cr deal with Warburg Pincus
SFL will receive ₹3,900 cr from the sale of its investment in the subsidiary, resulting in an increase in CRAR by around 80 bps
SFL will receive ₹3,900 cr from the sale of its investment in the subsidiary, resulting in an increase in CRAR by around 80 bps
The Shriram group flagship will sell its entire 85% stake in Shriram Housing Finance (SHFL) to Warburg Pincus for ₹4,630 crore.
Shriram Finance holds a controlling stake in SHFL while private equity firm Valiant Partners L.P., Mauritius, holds the remaining ownership.
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RBI issues list of top 15 shadow banks in terms of asset size as these entities have grown big and are systemically "significant"
PNB, Trent, TVS Motor, Shriram Finance, and Zydus Lifesciences will replace these five stocks in the Nifty Next 50 index, effective from September 29, 2023.
Piramal Enterprises will sell 3.1 crore shares in Shriram Finance at a floor price of ₹1,483 per share, a discount of 5% to Tuesday’s closing price on the BSE.
Fortune India Exchange Q&A with Umesh Revankar Executive VC, Shriram Finance