TPG said to pause Shriram Capital stake sale due to valuation concerns

TPG said to pause Shriram Capital stake sale due to valuation concerns

Mumbai. Photo: Sergio Souza/Unsplash

TPG Capital has paused a sale of its stake in privately-held Indian financier Shriram Capital Ltd. as the country’s lingering shadow banking crisis hurts valuations, according to people with knowledge of the matter.