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21 Nov 2022

Shriram Group Merger Analysis

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After merger of Shriram Group, Piramal, who holds 20% in SCL and 9.96% in SCUF, will hold 8.37% in Shriram Finance Limited. The merged entity is likely to have assets under management (AUM) of over Rs 1.78 trillion, more than 20 million consumers, and a distribution network of around 3,500.

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Subhasis Mishra
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