Shriram Transport Finance Co Ltd

• Shriram Equipment to Amalgamate With Transport Finance

  Shriram Equipment Finance Company (SEFC) on Wednesday said it will amalgamate with Shriram Transport Finance Co Ltd (STFC) for better synergy.

• Piramal to buy 20% stake in Shriram Capital for $334 million

  Shriram Capital is the holding company for the Chennai-based Shriram group, which controls Shriram Transport Finance Co Ltd and Shriram City Union Finance.

• Blackstone, Temasek eye stake in Shriram Ventures

  Blackstone Group and Temasek Holdings are in separate talks to invest about $200 million in Shriram Ventures

• TPG sells stake in Shriram Transport for $300 million

  US private equity firm TPG Capital raised about $300 million by selling its roughly 10 per cent stake in Indian commercial vehicle financier Shriram Transport Finance Co Ltd to Piramal Group, generating a near seven times return on a 2006 investment.

• Rupee posts biggest single-day gain in three weeks

  The rupee notched up its biggest single-day gain in three weeks on Friday boosted by inflows delayed by a strike that curtailed trading over the last couple of sessions, but investors were jittery ahead of the crucial 2013/14 budget next week.

• TPG sells half stake in Shriram Transport, raises $305 million: report

  US private equity firm TPG Capital has raised $305 million by selling about half of its stake in commercial vehicle financier Shriram Transport Finance Co Ltd, a source with direct knowledge of the matter said on Thursday.