CCEA approves Rs 805.61 Crore investment by TPG in Shriram Retail

CCEA has givent he approval for M/s. TPG India Investment I, Inc., Mauritius for investment up to Rs. 805.61 crore by way of subscribing to equity shares and convertible warrants of M/S Shriram Retail Holdings Private Limited.

The Cabinet Committee on Economic Affairs today gave its approval to the proposal of M/s TPG India Investment I, Inc., Mauritius, subject to the conditions recommended by FIPB, to permit the investment by M/s TPG India Investment I, Inc., Mauritius in the paid-up equity share capital of M/s Shriram Retail Holdings Pvt Ltd (SRHPL).

The aggregate inflow of investment shall be an amount of Rs 805.61 crore through the issuance of up to 1,834,162 equity shares and 1,538,278 warrants (convertible into 1,538,278 equity shares) of M/s Shriram Retail Holdings Pvt Ltd.

The approval would result in FDI amounting to Rs 805.61 crore (approx.) in the country.

Source : Press Information Bureau

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