Investment by TPG India in Shriram Retail

Shriram City Union Finance Ltd declared on Friday that the TPG India Investments Inc is willing to invest $120 million to buy up to 49% share in Shriram Retail Holdings Pvt Ltd a major breakthrough for the Retail.

TPG is also to make an open offer for the same and will be indirectly holding 26.7% stake in the Shriram City Union Finance, which has been confirmed by the latter in a statement to press.

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