Clarification1 Oct 2025, 07:41 pm
Shriram Finance Denies Rumours of MUFG's $2.6 B Stake, Market Price Increase Unrelated
AI Summary
Shriram Finance Ltd has denied rumours of MUFG acquiring a 20% stake in the company for $2.6 B, stating that the news and similar reports are based on speculation. The increase in the market price of the company's equity shares on October 1, 2025, is market-driven and not influenced by the company's management. The company has submitted the necessary disclosures to the Stock Exchanges as part of its obligations under Regulation 30 of the Listing Regulations or other relevant applicable laws.
Key Highlights
- Shriram Finance denies rumours of MUFG acquiring a 20% stake in the company
- The increase in the market price of the company's equity shares is market-driven
- The company's management has no control or knowledge of the reasons for the increase in the market price of its equity shares
- The company continues to submit necessary disclosures to the Stock Exchanges
- The rumours of a potential majority stake sale of the Company to a party have also been denied