Shares of Shriram City Union Finance jumped over 4 per cent to Rs 2,005 on reports that private equity firm TPG Capital is in talks with other private equity players to sell its 20 per cent stake in the company.
According to media reports, TPG Capital is in talks with other private equity companies like KKR, Apax, Warburg Pincus and others to sell its 20 per cent stake in the company.
In 2013, TPG had picked up a 22.6 per cent stake in Shriram City Union Finance valued at about Rs 1,200 crore.
TPG India Investment was allotted 1.34 crore shares, amounting to a 22.65 per cent stake in the non-banking financial firm.
Shriram City Union is a deposit-accepting company that offers financial services, including retail and vehicle loans.
Shares of Shriram City Union Finance ended 0.1 per cent higher at Rs 1,950.
(With PTI inputs)
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