Mitsubishi UFJ Eyes Stake in Shriram Finance

Mitsubishi UFJ Eyes Stake in Shriram Finance

Mitsubishi UFJ Eyes Stake in Shriram Finance Japan's Mitsubishi UFJ Financial Group is reportedly in advanced discussions to acquire a 20% stake in Indian non-banking finance company Shriram Finance, according to a report by the Economic Times.This potential acquisition, valued at 232 billion rupees ($2.61 billion), highlights the ongoing strategy of Japanese financial institutions targeting overseas markets, pressured by a stagnant domestic eco…

Japan’s MUFG in Talks for 20% Stake in India’s Shriram Finance, Economic Times Reports (Update 1)

Oct 1 (Reuters) – Japan’s Mitsubishi UFJ Financial Group is in advanced talks to buy a 20% stake in Indian non-banking finance company Shriram Finance for 232 billion rupees ($2.61 billion), the Economic Times reported on Wednesday, citing people familiar with the matter.

MUFG in Talks to Buy $2.6 Billion Shriram Finance Stake, ET Says

Mitsubishi UFJ Financial Group is in advanced talks to take a 20% stake in Shriram Finance Ltd. for about $2.6 billion, the Economic Times reports, citing unidentified people familiar with the matter.