INSUBCONTINENT EXCLUSIVE:
between Shriram Transport Finance and Shriram City Union would mean listing the holding company, Shriram Capital, as a financial services
in Shriram Capital and 10 per cent each in Shriram City Union and Shriram Transport Finance
His investments in Shriram are worth about Rs 9,000 crore
He started buying into the Shriram Group, which has interests in lending, mortgages and insurance, in 2013 and made total investments of Rs
might buy loan portfolios of Dewan Housing Finance (DHFL), a nonbanking finance company (NBFC) into mortgage lending, instead of the company
After infrastructure financier ILFS defaulted on repayment commitments last year, NBFCs found it difficult to raise funds locally.
In the
Piramal reduced its wholesale lending ratio to 63 per cent from 83 per cent a year ago
Overall revenue climbed 23 per cent in the quarter.
Piramal Enterprises raised Rs 16,500 crore in the second half of the financial year
The company is seeking to restrict the share of commercial papers in its FY20 borrowing target to 10 per cent.
On listing the financial
services company, Piramal said that retaining the less-risky pharma business with finance worked better during difficult business cycles
fell 5.7 per cent to Rs 2,409.65 apiece on the BSE.
