Piramal Enterprises is planning to sell its entire 20 per cent stake in Shriram Capital. The move would be part of the long-term strategy of the company to fund growth of its financial services business.
Earlier this month, the company had sold its entire 10 per cent stake in Shriram Transport Finance for Rs 2,300 crore.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.