TPG raises $305 million from Shriram Transport sell-down

The US private equity firm halves its stake in the Indian commercial vehicle financier to about 10% after the share price gains more than 80% last year.
<div style="text-align: left;"> Shriram Transport provides financing for new and used trucks, like this one made by Tata Motors </div>
<div style="text-align: left;"> Shriram Transport provides financing for new and used trucks, like this one made by Tata Motors </div>
February 22, 2013

US private equity firm TPG has halved its stake in Shriram Transport Finance, an Indian commercial vehicle financier, to about 10% via a block trade, raising Rs16.5 billion ($305 million). The deal launched on Wednesday evening and was completed before the opening of Indian trading yesterday.

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