Posts Tagged ‘shriram retail’

Investment by TPG India in Shriram Retail

Monday, September 22nd, 2008

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.