Shriram Group to list general insurance arm first, both IPOs in two years

Quick Summary:

Shriram Finance plans to raise up to $1.

Revankar also said their asset reconstruction company (ARC) will focus only on acquiring retail assets.“We would like to buy retail portfolios from other banks and NBFCs, but we will be very gradual.

Shriram Finance has indicated that it will raise around $1 billion from overseas in the current financial year (FY25).

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Article Details

Category: BusinessFinance

Markets: IndiaSouth Africa

Topics: IPO Shriram Group Sanlam General Insurance Shriram General Insurance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 19:24:31 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 578 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22449181

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