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Private Equity

Kkr, Blackstone Group Weigh $3B Shriram Deal

by posted 4months ago 34 views
Suitors keen to hold stake in a single listed entity encompassing group’s combined biz. : Mumbai: KKR & Co. and Blackstone Group LP are among suitors that have expressed interest in acquiring a stake in Shriram Group, the Indian finance conglomerate backed by billionaire Ajay Piramal, people with knowledge of the matter said. The two private equity firms have each held preliminary talks in recent months about buying stakes in Chennai-based Shriram Group owned by Piramal Enterprises Ltd., TPG and an employee trust, according to the people.