Piramal Enterprises is the single largest shareholder in Shriram Capital, the holding company Shriram Group with an effective stake of 20%. It also holds 9.96% in Shriram Transport Finance and 9.98% in Shriram City Union Finance. Photo: Abhijit Bhatlekar/MintMumbai: The interests of Shriram Group shareholders will be paramount in its merger with IDFC Ltd, said Shriram group chairman Ajay Piramal. Piramal said, “We are also Shriram shareholders and we will do what is in the best interest of shareholders. It also holds 9.96% in Shriram Transport Finance Ltd and 9.98% in Shriram City Union Finance Ltd.An IDFC spokesperson declined to comment.

Source: Mint September 27, 2017 20:15 UTC