In what could be one of the most high-profile private equity (PE) deals in India in recent times, Temasek Holdings is in talks with PE major TPG Capital to buy a part of its stake in Shriram Transport Finance Company (STFC), India’s largest commercial vehicle financing company.While Temasek is the investment vehicle of the government of Singapore, TPG is one of the largest growth capital and buyout funds. TPG owns 20 per cent in STFC and has appointed Credit Suisse to advise it on the exit strategy. TPG plans to offload a significant minority stake in the non-banking finance company. Full story
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Temasek looks to buy TPG's stake in Shriram Transport - Business Standard
Temasek in talks to buy TPG stake in India's Shriram - Reuters
Temasek in talks to buy TPG stake in Shriram - Malaysia Star
