Mitsubishi UFJ to Acquire Stake in Shriram Finance as Japanese Firms Bet on India

MUFG invests $4.4 billion in Shriram Finance, while Mizuho acquires a 60% stake in Avendus, reflecting Japan's growing interest in India's financial sector.

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Mitsubishi UFJ to Acquire Stake in Shriram Finance as Japanese Firms Bet on India

Mitsubishi UFJ to Acquire Stake in Shriram Finance as Japanese Firms Bet on India
Mitsubishi UFJ Financial Group (MUFG) is set to invest over $4.4 billion (around ₹40,000 crore) to acquire a 20% stake in Shriram Finance, marking one of the largest transactions in the Indian financial services space. The deal is expected to be finalized by Friday, following which Shriram Finance will consider a rights issue or other funding options. This move underscores Japan's growing interest in India's financial market. Additionally, Mizuho Securities has announced a $525 million acquisition of a 60% stake in Avendus from KKR affiliate Redpoint Investments.