PE Firm TPG Puts Shriram Transport Finance Stake Sale on Hold

Mumbai: PE firm TPG has decided to put on hold its stake diversion in asset financing company Shriram Transport Finance ( STF), said two people familiar with the matter. The decision by TPG is due to the sliding valuation of Shriram Transport stock in the past six months. TPG, which holds 20% stake in Shriram Transport, has been talking to a clutch of private equity players for the stake sale. It has valued its stake at around Rs 3,000 crore. PE firms such as General Atlantic, Actis, Citi Venture Capital and Temasek are interested in picking up TPG's stake