Trying to bring Shriram Group units under one unit, says Ajay Piramal

Piramal Enterprises has a 20% stake in unlisted Shriram Capital and 10% each in Shriram Transport and Shriram City Union

Piramal Enterprises is planning to merge the financial businesses of Shriram Group under one unit, Chairman Ajay Piramal said on Friday.

The company is also looking at exiting the investment for a value. But it was not possible to give a timeline for any such transaction, Piramal said.

Piramal Enterprises has a 20 per cent stake in unlisted Shriram Capital and 10 per cent each in Shriram Transport and Shriram City Union. 

Asked about the company’s interest in Dewan Housing Finance Ltd (DHFL), he said the company was looking at buying an asset portfolio, which would be subject to meeting quality norms. It