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MUFG Weighs Raising Shriram Finance Stake Above 50%
Mitsubishi UFJ Financial Group is studying a potential investment of more than $10 billion, but discussions remain at an early stage.
Key takeaways
- MUFG is considering raising its Shriram Finance stake from about 20% to more than 50%.
- A move to gain control could require an investment of more than $10 billion, according to people familiar with the matter.
Mitsubishi UFJ Financial Group is studying ways to raise its stake in Shriram Finance above 50% from about 20%, people familiar with the matter said. The potential investment could exceed $10 billion, they said.
The discussions are at an early stage, and MUFG has not set a firm timeline. If completed, the deal would mark the largest foreign investment in India’s financial sector, according to the report.
Topics
8306SHRIRAMFIN.NS
Further reading
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
