Tycoon Piramal, TPG Weighing Exit From Shriram General, Sources Say
- Piramal, TPG are looking to divest their combined 30% stake
- Shriram General Holdings could be valued at over $2 billion
Ajay Piramal
Photographer: Dhiraj Singh/Bloomberg
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Billionaire Ajay Piramal and TPG Inc. are considering selling their stakes in Shriram General Insurance Holdings Co., according to people familiar with the matter.
Piramal and TPG are jointly working with an adviser on divesting a combined 30% stake in the holding company of Shriram General Insurance Ltd., said the people, who asked not to be identified as the information is private. Shriram General Insurance Holdings could be valued at more than $2 billion in a transaction, the people said.