R Thyagarajan of Shriram Group said both parties can explore the merger without the pressure of the exclusivity period.
A day after merger talks with IDFC collapsed, Shriram Group's Chairman R Thyagarajan said the USD 12 billion deal is "not off". In a chat with CNBC-TV18's Latha Venkatesh, he said both parties can explore the merger without the pressure of the exclusivity period.
R Thyagarajan is the founder of Shriram Group and the actual negotiations were done by other parties.
He does not think the government insisting on higher value for its shares was the deal breaker. According to him, all sides needed to look at value differently.
He said they should not be stuck too much on their own current separate values but must instead focus on how the join entity will bring greater value to all sides.
He said perhaps the negotiators and Shriram Group did not adequately convince the government of the value that Shriram Group will bring to the table.According to him, when the talks happen without the pressure of exclusivity and glare of all parties concerned, they may arrive at mutually satisfying valuation.