Private Equity

Liquidity Events

Apax Partners sells Shriram Finance shares worth Rs.1,040-Cr, registers 1.11x return

Stock Exchange Data  

Apax Partners has sold a 2.14% stake in publicly-listed Shriram Finance for INR 1,039.59 crore. Post the latest sale, the investor would hold a 3.16% stake.

From the Venture Intelligence PE-VC Deal Database: In May 2015, Apax Partners invested INR 2,456.21 crore for an over 20% stake in Shriram City Union Finance Ltd by acquiring shares from TPG Capital. Subsequently, it invested more in the company. On Dec 12, 2022, Shriram City Union Finance merged with Shriram Transport Finance Company through a share swap deal.