DCM Shriram recorded a net debt of ₹1,459 Crore as of June 30, 2024, compared to ₹1,434 Crore on March 31, 2024.
According to sources, Shriram Ownership Trust has recruited investment banks such as Barclays to seek financing.
The company has not yet disclosed the record date, but will do so shortly.
The aggregate value of the sale was Rs 551.03 crore.
The NBFC said that it has logged the highest-ever quarterly increase in its AUM of about Rs 22,700 crore in Q1FY24.
To begin, merchants on the Paytm network will be eligible for Shriram Finance loans.
It signed a syndicated social loan facility of up to $200 million.
Following this sale, Piramal Enterprises will not hold any stake in Shriram Finance.
PhonePe had proposed a cash offer of $90 million to acquire ZestMoney.
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