Non Banking Financial Company (NBFC)
Acquisitions8 April 2026 at 12:21 pm

MUFG Bank Acquires 20.02% Stake in Shriram Finance Limited for INR 840.93 per Share

AI Summary

MUFG Bank Ltd. has acquired 47,11,21,055 equity shares of Shriram Finance Limited, which amounts to 20.02% of the company's total share and voting capital. The acquisition was made on a preferential basis, pursuant to the meeting of the board of directors of Shriram Finance Limited on April 08, 2026. The price for each equity share was INR 840.93, which includes a premium of INR 838.93 per Equity Share.

Key Highlights

  • MUFG Bank acquires 20.02% stake in Shriram Finance Limited
  • Acquisition made on a preferential basis
  • 47,11,21,055 equity shares acquired at INR 840.93 per share
  • Includes a premium of INR 838.93 per Equity Share
  • Acquisition approved in a board meeting on April 08, 2026