Shriram Finance Receives CCI nod For SHFL Stake Sale
Importantly for the Indian banking sector, the Competition Commission of India (CCI) has authorized Shriram Finance’s transfer of shareholding in Shriram Housing Finance Limited (SHFL). With Shriram Finance trying to reorient its business emphasis, the deal, valued at ₹4,630 crore, signifies a strategic change. Under Section 31(1) of the Competition Act, 2002, the approval was…