Piramal Enterprises to sell entire stake in Shriram Finance via block deal: Report
Piramal Enterprises is set to sell its 8.34% holding in Indian consumer finance firm, Shriram Finance, through a transaction which will see about 3.1 crore shares sold off at a rate of Rs 1,483 per unit, a 5% discount from current levels. Investors in Shriram Finance include Morgan Stanley, Bajaj Allianz Life Insurance, ABSL MF, DSP MF. In Q1 2017, Shriram Finance reported a 20% YoY rise in profit to Rs 1,308 crore.
