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April 25, 2015 12:37 PM ET

Consumer Finance

Company Overview of Shriram City Union Finance Limited

Company Overview

Shriram City Union Finance Limited, a deposit accepting non banking finance company, provides loans to non corporate small business enterprises in India. The company also offers financing for two and three wheelers, as well as for new and pre-owned passenger and commercial four wheelers. It also provides personal loans; home loans; loans against gold; loans for generators; and small enterprise finance to self-employed professionals, wholesale and retail dealers, merchants, builders, small and medium scale manufacturing concerns, catering services, tour operators, etc. The company was formerly known as Shriram Hire-Purchase Finance Private Limited and changed its name to Shriram City Union Fi...

No. 221, Royapettah High Road

Mylapore

Chennai,  600004

India

Founded in 1986

15,760 Employees

Phone:

91 44 4391 5300

Fax:

91 44 4391 5351

Key Executives for Shriram City Union Finance Limited

Shriram City Union Finance Limited does not have any Key Executives recorded.

Shriram City Union Finance Limited Key Developments

PE Funds Mulls Reportedly Mulling Acquisition Of Stake In Shriram City Union Finance from TPG Capital

PE funds including KKR & Co. L.P. (NYSE:KKR), Apax Partners LLP, GAAP, Warburg Pincus LLC are reportedly seeking acquisition of 20% stake in Shriram City Union Finance Limited (BSE:532498) from TPG Capital, L.P. Sources with direct knowledge said, “TPG Capital is planning to monetize its two year old investment in Shriram City Union Finance and is said to have initiated talks with PE funds including KKR, Apax, GAAP, Warburg Pincus for a possible sale. As per the current market price, the deal could be valued at around INR 2.5 billion.” Sources said that the new buyer will be interested in the protective rights of a shareholder and the Shriram Capital owners, Shriram Group, Sanlam and Piramal Enterprises will define these for the new financial investor in Shriram City Union Finance. None of the above mentioned private equity funds or Shriram Group offered a comment on Economic Times query on the deal development.

Shriram City Union Finance Limited Announces Resignation of Lakshmi Pranesh, a Non-Executive and Independent Director

Shriram City Union Finance Limited announced with reference to the announcement dated February 3, 2015 intimating about the resignation of Lakshmi Pranesh, a Non-Executive and Independent Director of the company from January 31, 2015, company has informed that the necessary form DIR-12 for the purpose was filed with the Registrar of Companies, Chennai on date February 11, 2015.

Shriram City Union Finance Announces Resignation of Lakshmi Pranesh as Independent Non Executive Director

Shriram City Union Finance Ltd. announced that Smt. Lakshmi Pranesh, a Non Executive, Independent Director of the Company has resigned from the position of Director with effect from January 31, 2015.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 21, 2014
--
Private Placement
April 30, 2014
--
 

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