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Jun 26, 2023

TPG India Investments II, Inc. on sale of its entire stake of 99,18,348 equity shares in Shriram Finance Limited

AZB & Partners advised TPG India Investments II, Inc. (“Seller”) on sale of its entire stake of 99,18,348 equity shares in Shriram Finance Limited (“Company”), representing approximately 2.65% of the total issued and paid-up equity share capital of the Company, for an amount aggregating to INR 13.89 billion (“Transaction”). The sale took place on the floor of the stock exchanges via the screen-based trading platform. ICICI Securities Limited acted as the broker to the Transaction.

The AZB team advising the Seller, comprised our Senior Partner Lionel D’Almeida; our Senior Associate, Rahul Aggarwal; and our Associate Neel Narsinghani.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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