Shriram Capital Halts Three-Way Merger After RBI Request
Billionaire Ajay Piramal, chairman of Piramal Group. (Photographer: Dhiraj Singh/Bloomberg)

Shriram Capital Halts Three-Way Merger After RBI Request

(Bloomberg) -- Shriram Capital Ltd. has held off a plan to merge with its shadow lending arms after the Reserve Bank of India requested the group to cut its stake in its insurance business, accordi...
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