Piramal Ent sells stake in Shriram Finance for Rs 4,823 cr; Morgan Stanley, JP Morgan among buyers
Brokerage data shows that strong institutional interest prompted significant buy-ins from ABSL Mutual Fund, Blackrock, Goldman Sachs and Morgan Stanley, among others. Shriram Finance, formed via the merger of Shriram City Union Finance and Shriram Capital into Shriram Transport Finance, offers commercial vehicle, business and gold loan services.
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