TPG stalls plan to sell 10% stake in Shriram Capital on valuations

The halt came as debt concerns spread at lenders, including Indiabulls Housing Finance and a regional bank.

TPG Capital has paused a sale of its stake in privately-held Shriram Capital as the country’s lingering shadow banking crisis hurts valuations, according to people with knowledge of the matter.

The private equity’s plan to sell its 10 per cent stake has been held back, and will likely resume only as soon as the next financial year starting in April, said one of the people, who asked not to be identified as the information is private.

In August, five foreign investors, including Blackstone Group Inc and Carlyle Group LP, were shortlisted for talks to acquire a combined 30 per cent stake in