Investment8 April 2026 at 08:58 am
MUFG Bank Subscribes to 47,11,21,055 Equity Shares of Shriram Finance India
AI Summary
MUFG Bank, Ltd., a consolidated subsidiary of Mitsubishi UFJ Financial Group, Inc., has completed its investment in Shriram Finance Limited, one of India’s leading non-banking financial companies. MUFG Bank has subscribed to 471,121,055 equity shares at an issue price of INR 840.93 per share, with the total investment amounting to approximately INR 396.18 billion. This follows the approval by SFL’s Board of Directors, at its meeting held today, of the allotment of equity shares to MUFG Bank through a preferential issue. Upon completion of the allotment, MUFG Bank will hold a 20.0% equity stake in SFL on a fully diluted basis. The transaction represents the largest cross-border investment in India’s financial services sector.
Key Highlights
- MUFG Bank subscribes to 471,121,055 equity shares of Shriram Finance India for approximately INR 396.18 billion.
- This investment represents the largest cross-border investment in India’s financial services sector.
- Upon completion of the allotment, MUFG Bank will hold a 20.0% equity stake in SFL on a fully diluted basis.
- The transaction further strengthens MUFG’s presence in India and enables SFL to leverage MUFG’s global expertise and capabilities to accelerate its long-term growth strategy.
- The completion of this transaction marks a significant milestone for both MUFG and SFL, strengthening their long-term strategic collaboration and reinforcing their shared commitment to driving sustainable growth and financial inclusion in India.