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‘Shriram Finance looking for strategic partner’
The Morning Standard
|May 27, 2024
THE Shriram Group, which earlier this month exited the housing finance arm selling its entire 85% stake to the American private equity major Warburg Pincus for ₹4,630 crore, is looking at a strategic partner for its flagship Shriram Finance, the largest auto-focused non-bank lender today.
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The Chennai-based group, founded by the industry veterans Ramamurthy Thyagarajan, AVS Raja and T Jayaraman way back in 1974, is also into general and life insurance businesses, apart from wealth management, and real estate besides the cash-cow commercial vehicles, two & four-wheelers, gold loans, and small business loans.
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