Acquisitions10 April 2026 at 04:41 am
MUFG acquires 20.02% stake in Shriram Finance via preferential allotment
AI Summary
Mitsubishi UFJ Financial Group (MUFG) and its Persons Acting in Concert (PACs) have substantially increased their stake in Shriram Finance Ltd. The group acquired 471,121,055 shares through a preferential allotment, bringing their total holding to 473,149,163 shares, which represents 20.11% of Shriram Finance's ordinary share capital. This disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, with the acquisition date specified as April 8, 2026. Prior to this acquisition, MUFG and PACs held 0.11% of the company's shares.
Key Highlights
- MUFG group now holds 20.11% of Shriram Finance shares.
- Acquired 471.12 million shares through preferential allotment.
- This significant stake change triggers SEBI disclosure norms.
- The acquisition date is reported as April 8, 2026.