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  • Merger within Shriram Group may help optimize costs, SCUF official says May 15, 2019 07:29 PM IST

    Merger within Shriram Group may help optimize costs, SCUF official says

    The merger will also give an exit opportunity for the group's two key investors-Piramal Enterprises and TPG Capital.

  • Are Shriram Group NBFCs losing sheen for investors? Apr 23, 2019 03:51 PM IST

    Are Shriram Group NBFCs losing sheen for investors?

    While they are likely to report marginal quarterly improvement in the January-March period, analysts say that it will take longer for the environment to normalise.

  • KKR, Blackstone may acquire stake in Shriram Group for $3 billion: Report Sep 30, 2018 12:24 PM IST

    KKR, Blackstone may acquire stake in Shriram Group for $3 billion: Report

    As per the report, before the deal, Shriram Capital, the group holding company, would have to finalise plans for a three-way merger with its publicly traded arms: Shriram Transport Finance and Shriram City Union Finance

  • Shriram Group’s R Thyagarajan thinks the deal with IDFC is still not off the table Oct 31, 2017 06:11 PM IST

    Shriram Group’s R Thyagarajan thinks the deal with IDFC is still not off the table

    R Thyagarajan of Shriram Group said both parties can explore the merger without the pressure of the exclusivity period.

  • IDFC calls off $12-bn merger plan with Shriram Group on differences over swap ratio Oct 30, 2017 01:29 PM IST

    IDFC calls off $12-bn merger plan with Shriram Group on differences over swap ratio

    A deal to combine Shriram Capital and the group would have created a financial conglomerate with a universal bank and the ability to provide a range of financial products from insurance to vehicle finance.

  • IDFC deal good for community & shareholders; bullish on insurance biz: R Thyagarajan Oct 13, 2017 12:19 PM IST

    IDFC deal good for community & shareholders; bullish on insurance biz: R Thyagarajan

    The shareholders long-term wealth is something which will drive our decision with regards to IDFC, R Thyagarajan, Founder, Shriram Group.

  • Shriram City group, IDFC group still exploring merger chances Oct 05, 2017 10:36 PM IST

    Shriram City group, IDFC group still exploring merger chances

    As per a confidentiality, exclusivity and standstill (CES) agreement, the two companies are in the process to evaluate potential combination of certain business and subsidiaries/associate companies of the Shriram Group engaged in credit and non-credit financial services with IDFC Group.

  • Nomura retains buy on Shriram Transport, investors to get little benefit from merger Jul 17, 2017 11:24 AM IST

    Nomura retains buy on Shriram Transport, investors to get little benefit from merger

    Nomura has retained a buy rating on Shriram Transport Finance Corporation with a target price of Rs 1250 and feels that the investors will need to be compensated by a high premium in the SWAP ratio on its merger with the IDFC Group.

  • S&P places Shriram Transport Finance rating on CreditWatch Jul 12, 2017 01:25 PM IST

    S&P places Shriram Transport Finance rating on CreditWatch

    "Any rating impact from the potential merger of Shriram group's financial services businesses with the IDFC group would depend on the final terms of the deal, including the post-transaction structure, pricing and financial profile of the merged group," S&P Global Ratings credit analyst Nikita Anand said.

  • Will take merger proposal to investors once IDFC agreement is clear: Shriram Group Jul 12, 2017 12:27 PM IST

    Will take merger proposal to investors once IDFC agreement is clear: Shriram Group

    Discussions between RBI officials and company members have taken place but cannot say that there has been assurance from RBI with respect to the IDFC merger, said R Thyagarajan, Chairman, Shriram Group.

  • 3-decades of deal making: A look at Ajay Piramal's deal making journey Jul 10, 2017 09:50 PM IST

    3-decades of deal making: A look at Ajay Piramal's deal making journey

    Ajay Piramal's appetite for striking mega deals shows no signs of waning. Over the weekend, Piramal did it again - announcing the start of a 90-day due diligence process for a merger between the financial services firm Shriram Group - where he is the Chairman - and IDFC Bank.

  • IDFC, Shriram Group expected to announce merger plan on Saturday: Sources Jul 07, 2017 06:47 PM IST

    IDFC, Shriram Group expected to announce merger plan on Saturday: Sources

    The boards of IDFC and Shriram Group are likely to meet and decide on exclusive talks for a merger.

  • Shriram Properties to invest Rs 15,000 cr on realty projects Mar 26, 2017 04:00 PM IST

    Shriram Properties to invest Rs 15,000 cr on realty projects

    Chennai-based Shriram Properties, the real estate arm of financial giant Shriram Group, has also decided to focus on affordable housing .

  • Demerger of pharma, financial srvs biz to take 2 years: Piramal Jun 06, 2016 09:42 PM IST

    Demerger of pharma, financial srvs biz to take 2 years: Piramal

    In next two years, the company plans to grow both organically and via acquisitions in its financial services, pharmaceutical and information management business, says Ajay Piramal, Chairman of the Piramal Group.

  • CCI clears Sanlam's stake buy in Shriram Grp's insurance firms May 15, 2016 11:22 AM IST

    CCI clears Sanlam's stake buy in Shriram Grp's insurance firms

    South Africa-based financial services firm Sanlam Ltd has got fair trade regulator CCI's approval to acquire 23 percent stake each in Shriram Group's two insurance firms.

  • Plan to expand in Rajasthan via Shriram Grp: Swati Piramal Nov 19, 2015 12:45 PM IST

    Plan to expand in Rajasthan via Shriram Grp: Swati Piramal

    Piramal Group already has a strong presence in Rajasthan and the group is keen on expanding in the state via Shriram Group, said Swati Piramal of Piramal Group.

  • Orient Green Power jumps 7.5%, gets Rs 250cr from promoters Sep 24, 2015 01:45 PM IST

    Orient Green Power jumps 7.5%, gets Rs 250cr from promoters

    "OGPL has raised Rs 250 crore from existing promoters Shriram Venture (SVL) and its subsidiaries & financial investors, including EW Special Opportunities Fund and Ecap Equities, through preferential allotment," the renewable energy company said in its filing.

  • Orient Green Power raises Rs 250 cr from promoters Sep 23, 2015 07:56 PM IST

    Orient Green Power raises Rs 250 cr from promoters

    The preferential shares were priced at Rs 14.56 a share, the company said in a statement.

  • Shriram AMC gets shareholder nod to raise Rs 10 crore Aug 17, 2015 03:48 PM IST

    Shriram AMC gets shareholder nod to raise Rs 10 crore

    The asset management company (AMC) is part of the Rs 90,000 crore financial conglomerate Shriram Group. Shriram Credit Company is the sponsor of Shriram AMC and holds 68.67 percent stake in the entity.

  • Shriram City Union Q1 net up 15.6% at Rs 148 crore Jul 29, 2015 10:31 PM IST

    Shriram City Union Q1 net up 15.6% at Rs 148 crore

    Non-banking financial company Shriram City Union Finance on Wednesday reported a 15.6 percent rise in its net profit at Rs 148 crore in the quarter ended June, 2015, helped by higher interest income and reduction in expenses.

  • Shriram Transport accepts merger with equipment finance arm Jun 26, 2015 10:19 PM IST

    Shriram Transport accepts merger with equipment finance arm

    Shriram Transport Finance Company on Friday said its board has approved the amalgamation of Shriram Equipment Finance Company Ltd (SEFCL) with itself.

  • Milestone invests Rs 75cr in residential project in Chennai Jun 22, 2015 05:11 PM IST

    Milestone invests Rs 75cr in residential project in Chennai

    "Milestone has invested Rs 75 crore with Landmark Developers for developing a residential project in Chennai on a four acre land parcel owned by Shriram Group," the company said in a statement.

  • Will invest up to Rs 1000 cr by end of this year: TVS Cap Apr 25, 2015 04:35 PM IST

    Will invest up to Rs 1000 cr by end of this year: TVS Cap

    Reckoned for his business acumen, deep knowledge and focus Gopal Srinivsan of TVS Capital Funds sets the bar high for TVS Capital as years go by. In an interview to CNBC-TV18, Srinivasan talks about the business, investments and road ahead for the company.

  • Shriram Group interested in securing small bank licence Sep 04, 2014 07:33 PM IST

    Shriram Group interested in securing small bank licence

    The group said it wants to get into banking space as it would fill up the gap it has in terms of their product offerings.

  • Neyveli's wind power proj may be commissioned by next year Sep 26, 2013 04:40 PM IST

    Neyveli's wind power proj may be commissioned by next year

    The scope of the work includes procuring of land, designing, manufacturing, supplying, erecting, testing, commissioning and synchronising with grid.

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