Carlyle, India's Premji Invest eye stake in auto loan firm TVS Credit: Sources

Private equity firm Carlyle and Indian billionaire Azim Premji's investment unit are in separate talks to invest about $150 million in TVS Credit Services, an arm of scooter and motorcycle maker TVS Motors, two sources told Reuters. The winner of the race to bet on India's fast-growing shadow-banking sector could get a stake of 20%, one of the sources said. A valuation of about 50 billion rupees ($612 million) for TVS Credit is being discussed, both sources said.

from Banking/Finance-Industry-Economic Times https://ift.tt/7ybexUN