TPG in Partial Exit from Shriram Transport (Asia)

Source: AVCJ  |  Author: Andrew Woodman

Global private investment firm TPG has partially exited its investment in Indian logistics financier Shriram Transport Finance. TPG sold 23.15 million shares, representing an approximate 10 percent stake in Shriram, on the National Stock Exchange for INR16.6 billion (approximately US$303 million). Following the sale, TPG retains an ownership stake of over 10 percent in the company.