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Temasek part-exits Shriram Transport, pulls out around $50M

By Anuradha Verma

  • 17 Nov 2014
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Temasek part-exits Shriram Transport, pulls out around $50M

Temasek, one of the two sovereign wealth funds of Singapore, has partially exited Chennai-based commercial vehicle financier Shriram Transport Finance Company (STFC) by selling almost half of its stake for around Rs 310 crore (approximately $50 million).It is estimated that Temasek has made an internal rate of return (IRR) of ......

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