NSE, BSE grant approval for MUFG Bank's stake purchase in Shriram Finance
This story was originally published at 08:37 IST on 4 February 2026
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NEW DELHI – The National Stock Exchange of India Ltd. and BSE Ltd. have granted their in-principle approval for the acquisition of INR 396.18 billion worth of shares of Shriram Finance Ltd. by MUFG Bank Ltd.
Shriram Finance Tuesday said that the two stock exchanges have approved the issuance of 471.12 million equity shares at an issue price of INR 840.93 per equity share by way of preferential issue on a private placement basis to MUFG Bank. In December, Japan's MUFG Bank had announced its decision to acquire 20% stake in Shriram Finance.
This stake sale in Shriram Finance marks the largest foreign direct investment in a financial services company in India. The stake purchase is also the biggest investment for MUFG Bank's parent entity, Mitsubishi UFJ Financial Group, in India.
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. Shares of the company Tuesday ended 4% higher at INR 1,000.40 on the National Stock Exchange. End
Reported by Shubham Rana
Edited by Vandana Hingorani
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