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Informist, Wednesday, Mar. 25, 2026

 

--CCI OKs MUFG Bank's acquisition of some shares in Shriram Finance 

 

NEW DELHI – The Competition Commission of India Wednesday approved the acquisition of some shares in Shriram Finance Ltd. by MUFG Bank. This concludes the acquisition process that began in December, with Shriram Finance's board approving an investment of INR 396.18 billion from the Japanese bank in return for 20% stake in the Indian non-banking financial company.

 

MUFG Bank acquired the stake in Shriram Finance through the preferential issuance of equity shares. The acquisition marks the largest foreign direct investment in a financial services company in India. The stake purchase will also be the biggest investment for MUFG Bank's parent entity, Mitsubishi UFJ Financial Group, in India.

 

The National Stock Exchange and BSE had last month granted in-principle approval for the acquisition. For the December quarter, Shriram Finance reported a net profit of INR 25.22 billion, up 21% on year from an adjusted net profit of INR 20.80 billion a year ago. Wednesday, the shares of the NBFC ended 5.8% higher at INR 956.00 on the NSE.  End

 

Reported by Krity Ambey

Edited by Saji George Titus

 

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