TPG Capital Looks to Exit Shriram Transport

U.S. private equity firm TPG Capital aims to sell its indirect stake in Indian commercial vehicle lender Shriram Transport Finance Co. for as much as $1 billion, Reuters reported, citing an article in the Times of India. In 2005, TPG's Newbridge fund invested $100 million for 49% in Shriram Holding. The firm’s indirect stake in the transportation financing unit is estimated at more than 20%, Reuters said.

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