Piramal's exit will not impact Shriram Group companies: R Thyagarajan

Shriram Group is not driven by one individual; every company has its own management and is run by their respective CEOs, says Thyagarajan

Billionaire Ajay Piramal, who started selling Piramal Enterprises’ entire stake in Shriram Transport Finance, is in the process to exit Shriram City Union and Shriram Capital. Piramal, who invested Rs 4,583 crore in the group companies, was seen as successor of R Thyagarajan, founder of Shriram Group. Thyagarajan tells T E Narasimhan Piramal’s exit may not have an impact on group companies. Edited excerpts:

How Piramal’s exit will affect the Group? 

PEL’s exit was not a hurried or panic exit. It is a strategic exit. Piramal is an investor and like any other investor, he, too, would have seen better investment opportunity