TPG raises $305 million from Shriram Transport sell-down

The US private equity firm halves its stake in the Indian commercial vehicle financier to about 10% after the share price gains more than 80% last year.

<div style="text-align: left;"> Shriram Transport provides financing for new and used trucks, like this one made by Tata Motors </div>

February 22, 2013

US private equity firm TPG has halved its stake in Shriram Transport Finance, an Indian commercial vehicle financier, to about 10% via a block trade, raising Rs16.5 billion ($305 million). The deal launched on Wednesday evening and was completed before the opening of Indian trading yesterday.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.