KKR, Blackstone in $3 Billion Shriram Group Deal

KKR, Blackstone in $3 Billion Shriram Group Deal


KKR & Co. and Blackstone Group LP are among suitors that have expressed interest in acquiring a stake in Shriram Group, the Indian finance conglomerate backed by billionaire Ajay Piramal.

The two private equity firms have each held preliminary talks in recent months about buying stakes in Chennai-based Shriram Group owned by Piramal Enterprises Ltd., TPG and an employee trust, according to the people.


KKR, Blackstone in $3 Billion Shriram Group Deal < Business News