Having dipped his toe last year, Ajay Piramal is now set to take a fuller plunge into financial services. His Piramal Enterprises Ltd (PEL) will purchase a 20% stake in Shriram Capital Ltd, the financial services holding company of the Chennai-based Shriram group, for Rs 2,071 crore, said two people with direct knowledge of the development.
Wednesday, 16 April 2014
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