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.source https://economictimes.indiatimes.com/industry/banking/finance/carlyle-indias-premji-invest-eye-stake-in-auto-loan-firm-tvs-credit-sources/articleshow/99927588.cms
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