Shriram Finance receives $4.4 billion investment from MUFG
after close1 source ↓written by the desknot a recommendation
- investment
- 20% stake
Shares of Shriram Finance hit a life-high following MUFG Bank's $4.4 billion investment for a 20% stake. This marks the largest FDI in India's financial services sector, enhancing Shriram's position in vehicle finance and SME lending. The deal could also lead to a credit ratings upgrade, potentially lowering funding costs over time.
Not investment advice. For informational purposes only.