TPG Said to Sell Shriram Transport Stake for $303 Million
This article is for subscribers only.
TPG Capital sold about half its stake in Shriram Transport Finance Ltd., an Indian truck financier, for about 16.6 billion rupees ($303 million), said a person with knowledge of the matter.
TPG sold 23.15 million shares for 715 rupees apiece, the person said, asking not to be identified as the information is private. The shares were offered at 715 rupees to 755.95 rupees, according to a term sheet obtained by Bloomberg News yesterday.