TPG, a leading global private investment firm, has received 1.34 crore shares, amounting to a 22.65% stake in Shriram City Union Finance valued at about Rs 1,200 crore. The allotment of shares has taken place following the amalgamation of Shriram Enterprise Holdings with Shriram Retail Holdings and the subsequent merger of the consolidated entity with Shriram City Union Finance.
Shriram City Union is a deposit-accepting company that offers financial services, including retail and vehicle loans.