Ajay Piramal, Chairman of each Shriram Capital and the Piramal Group, is evaluating alternatives to Piramal Enterprises’ seven-yr-old strategic investments in the Shriram Group. “We are considering options to create value for each of the shareholders of Shriram and Piramal. As ways b, because the shareholders of Piramal Enterprises are worried, we’re comparing alternatives like whether a go out is possible.
There is no time limit to it, and if we get the right price and the proper accomplice will look at the go out,” Ajay Piramal said on Friday on a convention call pronouncing Q4 and annual performance of Piramal Enterprises. However, he declined to difficult further and did not clarify whether he would keep as the Chairman of Shriram Capital once the exit was complete. He stated the
Shriram Group turned into additionally comparing to merge the unlisted retaining organization of the Shriram Group, Shriram Capital, with the indexed Shriram Transport Finance Company and Shriram City Union Finance, to create a cost for its traders. A merger could assist inside the go out of its buyers like TPG and Piramal.
Recent unconfirmed reports say Piramal has been discussing with Anand Mahindra to go out his Shriram investments, valuing about Rs nine 000 crores. In September’s final 12 months, reviews had surfaced saying personal equity giants KKR and Blackstone were in the fray to buy Piramal, personnel’s believe, and TPG’s stake in Shriram Group organizations for over $three billion, in a three-way merger of the Shriram group groups.
