Japanese banking powerhouse Mitsubishi UFJ Financial Group (MUFG) is reportedly close to securing a significant stake in Shriram Finance, one of India’s leading non‑bank financial companies.
The investment, estimated at over 500 billion yen ($3.2 billion), would give MUFG roughly 20% ownership, enhancing its foothold in India’s growing credit market.
Negotiations are advanced, though final terms are yet to be confirmed. Shriram Finance, known for loans to vehicles, small businesses, and consumers, saw a rise in its share prices on the news, reflecting investor optimism over the potential strategic partnership and capital inflow.