Piramal To Buy 20% In Shriram Capital
  • Prabha Hedge
  • Apr 17 2014

April 17: Having tested the waters last year, Ajay Piramal, Chairman, Piramal Enterprises, is taking the plunge into financial services. Piramal Enterprises will buy 20% stake in Shriram Capital for over Rs.2,000 crore. Piramal had earlier bought 10% in the company in May 2013. Speaking to the media earlier today, Ajay Piramal emphasised that the deal is expected to create long-term value for shareholders.