Japan’s MUFG poised to buy 20% stake in India’s Shriram Finance for $2.6 bln- ET

Published 01/10/2025, 01:44
Updated 01/10/2025, 03:28
© Reuters.

Investing.com-- Japanese trading house Mitsubishi UFJ Financial Group Inc (MUFG) (TYO:8306) is in advanced talks to buy a 20% stake in Indian non-banking finance giant Shriram Finance for about 23,300 crore rupees ($2.6 billion), the Economic Times reported on Wednesday.

The deal has the potential to become the largest foreign acquisition of an Indian non-banking finance corporation, the ET report said, citing people familiar with the matter.

Reports of the deal also come amid increased interest in India’s massive financial sector, especially in the country’s banks and shadow lenders. 

Earlier this year, MUFG peer Sumitomo Mitsui Financial (TYO:8316) bought a 20% stake in India’s Yes Bank Ltd (NSE:YESB) for about $1.58 billion. The trading house purchased another $349 million stake in Yes Bank in September. 

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.