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OEM Update

Shriram Transport buys Rs 1,200 cr assets of GE Capital

January 12, 2010 5:24 am

Shriram Transport Finance Company has acquired Rs 1,200-crore worth assets of GE Capital India’s transportation finance portfolio. Shriram Transport’s Managing Director, R. Sridhar, said the move would benefit the company’s margins. “It will also help boost our bottomline,” he added. According to him, the company was growing rapidly at around 25 per cent and needed the assets which now it will have in its portfolio.

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