Piramal to buy 20% stake in Shriram Capital for Rs. 2,014 crore.

Piramal Enterprises said it will acquire 20% stake in financial services company Shriram Capital for Rs. 2,014 crore.

Unlisted Shriram Capital is the holding company for as many as five businesses, including Shriram Transport Finance Company, where Piramal Enterprises already owns a 10% stake. Piramal had bought the stake from private equity company TPG in May last year.

BS