to buy majority stake in Shriram Automall for Rs 156 cr

Shriram Transport Finance Company said it has decided to sell a majority stake in its vehicle auction company Shriram Automall to to create what it called India’s leading used vehicle platform. CarTrade, owned by MXC Solutions India, will acquire majority stake in Shriram Automall India Limited (SAMIL), India’s offline auction platform for pre-owned vehicles […]

Religare Finvest to use Shriram Automall to sell NPA assets

Religare Finvest Ltd will use Shriram Automall India’s bidding platforms to dispose of its non-performing and immovable assets, Shriram Automall said. “Shriram Automall has over the years proved itself as market leaders and we are confident on better conversion in liquidation of our NPA Properties from our inventory through their effective disposal platforms,” quoted the […]