In the last one year, Shriram Finance went up nearly 70%, compared with Nifty 50’s 28% gains. Still, the stock is trading at a lower valuation compared to its peers. But is it a good enough reason to bet on Shriram Finance?
“The journey of a thousand miles begins with a single step." — Lao Tzu Private equity players are attracted to the Shriram Group like bees to a honeycomb. And for a reason. In 2009, ChrysCapital made 8.5x returns on a partial exit from Shriram Transport, a specialised financier of used commercial vehicles. In 2013, American private equity (PE) major TPG made an exit at 7x. Now, Warburg Pincus has inked a pact to purchase Shriram Housing Finance,
Refer & Earn
Get Unlimited Access to The Economic Times
