MUFG Nears Deal for Minority Stake in India's Shriram Finance

• MUFG is reportedly nearing a deal to acquire a minority stake in India's Shriram Finance Ltd.
• The Japanese bank may invest over ¥500 billion ($3.2 billion) for approximately a 20% stake in Shriram Finance.
• Shriram Finance, with a market value of about $18 billion, focuses on loans for commercial vehicles, tractors, passenger cars, and SMEs.
• This potential acquisition aligns with a trend of Japanese banks investing in Indian financial institutions due to the country's growth.

Why It Matters: This deal shows increasing foreign investment and confidence in India's economy.