Market Chatter: Mitsubishi UFJ Financial Group Nears Deal to Buy Minority Stake in India's Shriram Finance

MT Newswires Live
Dec 15

Mitsubishi UFJ Financial Group (MUFG) is close to acquiring a minority stake in India's Shriram Finance, Bloomberg reported on Monday, citing sources familiar with the discussions.

The report said Mitsubishi UFJ Financial Group is considering investing more than 500 billion yen (about $3.2 billion) for roughly a 20% stake.

Talks are at an advanced stage, and an agreement could be reached as soon as this week, though the final price and stake size may still change, according to Bloomberg.

Mitsubishi UFJ Financial Group and Shriram did not respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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