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Shriram Capital eyes more acquisitions

ECONOMY & POLICY
May 1, 2014May 1, 2014
Shriram Capital eyes more acquisitions
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Shriram Capital is looking at a possible shift in strategy in favour of more acquisitions to expand its businesses. Apart from the acquisitions, Shriram will also focus on entering newer businesses which may be aligned to the current ones. Last month, Piramal picked up 20 per cent stake in Shriram Capital for Rs 2,014 crore. Gradually, the plan is to have Shriram, Piramal and South African Group Sanlam as equal partners in the venture.

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