MUFG Makes Mega India Bet, Buys 20% Stake in Shriram Finance for INR 39,600 Crore
In a deal for $4.4 billion (INR 39,600 crore), Japan's Mitsubishi UFJ Financial Group announced on December 19 that it had acquired a 20% share in Shriram Finance through preferential share allocation. This represents the biggest foreign direct investment in India's financial industry. Two
