TPG will remain strong partner in insurance, new ventures: Shriram Fin head

In a Q&A, Umesh Revankar says no move by Piramal Group and TPG to sell stake in insurance biz for now

Amid news that private equity major TPG sold its entire 2.65 per cent stake in Shriram Finance for Rs 1,400 crore, Umesh Revankar, Executive Vice Chairman of Shriram Finance believes that the deal happened without any discounts and is a positive for his company. In an interaction with Shine Jacob, Revankar talks about the deal, speculations about Piramal Group exit and future outlook. Edited Excerpts:

1. What does the block deal by TPG mean from the company perspective?

The block deal is a secondary market transaction about which we cannot discuss much. Still, I can tell you that the deal