MUFG to acquire 20% stake in Shriram Finance
MUFG is set to acquire a 20% stake in Shriram Finance for ₹39,618 crore, with the stock closing at ₹973-₹974 on December 24. This deal could significantly impact investor sentiment and stock performance.
after close1 source ↓written by the desknot a recommendation
- of Shriram Finance
- 20%
- preferential issue
- ₹39,618 crore
- on December 24
- ₹973–₹974
- reaching
- 52-week high
- ₹983.70
Japan's MUFG plans to buy 20% of Shriram Finance through a ₹39,618 crore preferential issue. The stock closed at ₹973–₹974 on December 24, reaching a 52-week high of ₹983.70. Investors are weighing the benefits of a global partner against potential dilution effects. 📈
Not investment advice. For informational purposes only.