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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek Holdings will not buy TPG Stake in Shriram Transport Finance

Posted on 09 May 2011

Singapore state investment fund Temasek Holdings has decided to drop its plans to buy private equity major TPG Capital’s stake in India’s largest commercial vehicle financing company Shriram Transport Finance , two people familiar with the matter said.
“Temasek, after evaluating the company (Shriram Transport), has taken a call not to go ahead with the stake buy,” said a person with direct knowledge of the deal. Shriram Transport and TPG were not available for comment……………………………………….Full Article: Source


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