Piramal to buy 20% stake in Shriram Capital
Piramal Enterprises said it has agreed to buy stake in Shriram Capital for an aggregate consideration of `2,014 crore
Mumbai: Ajay Piramal’s Piramal Enterprises Ltd on Thursday said it had agreed to acquire an effective 20% stake in Shriram Capital Ltd, an arm of the Chennai-based Shriram Group, for an aggregate consideration of ₹ 2,014 crore, as it seeks to reinforce its presence in the financial services industry.
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