Mumbai/Pune, May 10: Piramal Enterprises has picked up 10 per cent equity in Shriram Transport Finance Corporation for Rs 1,652 crore.
Chennai-based Shriram Transport is a leading commercial vehicle financer in the country. In a transaction done through a a block deal in the market, Piramal group picke up about 2,28,47,468 shares at Rs 723 per share.
Chairman Ajay Piramal said the company will remain focused in sectors such as healthcare, information management and financial services.
