Japan’s MUFG to Invest Over $4B in Shriram Finance

MUFG is set to invest over $4 billion for a 20% stake in Shriram Finance, boosting foreign investment into India’s NBFC sector.

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Japan’s MUFG to Invest Over $4B in Shriram Finance

Japan’s MUFG to Invest Over $4B in Shriram Finance
Japan’s Mitsubishi UFJ Financial Group (MUFG) plans to invest more than $4 billion for a roughly 20% stake in India’s Shriram Finance, according to sources. The investment, one of the largest by a foreign bank into an Indian NBFC, positions MUFG for stronger presence in India’s credit markets. The board of Shriram Finance is expected to finalize the transaction soon, analysts say.