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MUFG’s ₹39,600 crore bet highlights global rush into India’s NBFC growth story
MUFG’s stake purchase in Shriram Finance reflects a strategic match between Japan’s surplus capital and India’s expanding credit demand through the NBFC route.
Japan’s MUFG Bank has agreed to acquire a 20 percent stake in Shriram Finance for about ₹39,600 crore, marking the largest finance sector deal of 2025 and valuing the NBFC at nearly ₹2 lakh crore. Unlike earlier foreign investments aimed at turnarounds, MUFG is entering a profitable, scaled lender with deep exposure to India’s real-economy credit demand. The deal offers MUFG immediate access to India’s fast growing loan markets, while Shriram Finance gains a long term global partner that can improve funding access and strategic optionality as it competes with larger peers in a capital intensive environment.