MUFG Bank Ltd. completed a ₹396.18 billion investment in Shriram Finance Ltd. by subscribing to 471.12 million shares at ₹840.93 per share via a preferential issue.
The transaction grants MUFG Bank a 20.0% equity stake in Shriram Finance, marking the largest cross-border investment in India's financial services sector.
The investment, approved by Shriram Finance's board on April 8, 2026, follows all requisite regulatory approvals including from the Competition Commission of India.
The strategic collaboration aims to leverage MUFG's global expertise to accelerate Shriram Finance's growth in MSME and retail segments and enhance its capital base.