The private equity firm, TPG Capital has reportedly put its 20% stake in Shriram City Union Finance (SCUF) on the block. In this regard, TPG is in talks with several private equity players like KKR, Apax, GAAP and Warburg Pincus.
As per the current market price, the deal could be valued at around Rs 2,500 crore. TPG bought 22% stake in Shriram City Union Finance in August 2013 for Rs 1,207 crore and could be making a hefty profit on its investments.
Shriram City Union Finance has presence in the following business segments - loan Against Gold (LAG), Small Business Finance Loans (SBF), Auto Loans, 2-Wheeler loans, Personal Loans and Consumer Durables Loans.
