TPG Capital in multi-bagger part-exit from Shriram Transport; sells 10% stake for $300M

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Private equity major TPG Capital has sold nearly half of its stake in Chennai-based commercial vehicle financier Shriram Transport Finance Company (STFC) for Rs 1,620 crore ($300 million), making returns of over 7-8x according to VCCircle estimates.TPG will be the second investor to make multi-bagger returns from Shriram Transport after ......