Home / Companies / News / Apax Partner plans to sell Shriram Capital stake to raise Rs 2,250 crore

Apax Partner plans to sell Shriram Capital stake to raise Rs 2,250 crore

The transaction would be worth Rs 2,250 crore taking into account the stock movement today

stocks, india inc, stock option, markets, trading, investment, stake, psu, disinvestment, selling, employees, workers, shares, company, firms, BSE, exchange, earnings, results, profit, loss, dividend payout, tax

premium

Illustration: Ajay Mohanty

Dev Chatterjee Mumbai

1 min read Last Updated : Jan 13 2023 | 12:00 AM IST

Private equity firm Apax Partner is planning to sell its entire stake in Shriram Finance via block deals on Friday.

The transaction would be worth Rs 2,250 crore taking into account the stock movement today.

There are three key non-promoter shareholders in Shriram Finance: Piramal Group, private equity firm TPG, and Apax Partners. The three companies jointly hold approximately 15 per cent stake in Shriram Finance.

Topics : Private Equity Stake sale