Shriram Group not looking at merging entities for now, says R Thyagarajan

We are focusing on running our businesses better

R Thyagarajan, founder of Rs 1,000-billion Shriram Group, has denied reports that the company plans to raise $3 billion from private equity (PE) funds after merging its listed non-banking financial companies (NBFCs) — Shriram Transport Finance Corporation (STFC) and Shriram City Union Finance (SCUF) — and the holding company Shriram Capital. In an interview, he told T E Narasimhan that the Group was running business and there were a few proposals in hand. Edited excerpts:

Reports say Shriram Capital, STFC, and SCUF are going for a three-way merger and that PE majors KKR and Blackstone may buy a stake in