CCI Approves MUFG Bank's Stake Acquisition in Shriram Finance

The Competition Commission of India (CCI) has approved the acquisition of certain shares in Shriram Finance Limited by MUFG Bank Ltd.
The target, Shriram Finance, is a publicly listed NBFC in the upper layer, providing vehicle, equipment, and MSME financing.
The acquirer, MUFG Bank, is a Japanese banking institution wholly owned by Mitsubishi UFJ Financial Group.
The CCI's detailed order regarding the share acquisition will be released subsequently.