Shriram Finance Limited
Government of Singapore decreased its stake in Shriram Finance Limited from 4.47% to 3.04%, selling 12,683,696 shares. The value of the sold shares is ₹1435.59 Cr.
A deposit-taking non-banking financial company specializing in commercial vehicle financing, primarily for trucks across new and pre-owned segments. Operating through an extensive network of branches and rural centers, the company serves individual borrowers and maintains partnerships with private financiers to expand its reach. Part of the Shriram Group conglomerate, it focuses on providing vehicle financing solutions to India's transportation and logistics sector.
Singapore sovereign investor (GIC), managing the Government of Singapore's foreign reserves. One of the world's largest SWFs with significant Indian equity holdings.