Shriram Finance Soars 4% on Record Rs 39,600-Cr MUFG Deal, Largest FDI in India Fin Sector

• Shriram Finance shares surged 4% to a record high after MUFG announced a Rs 39,600-crore ($4.4 billion) deal for a 20% stake.
• This preferential allotment marks the largest Foreign Direct Investment (FDI) in India's financial sector.
• The deal strengthens Shriram Finance's capital base, improves balance sheet resilience, and provides growth capital.
• Shriram Finance is India's second-biggest non-bank lender, focusing on loans for commercial vehicles, tractors, and cars.
• The transaction reflects renewed investor interest in the Shriram Group and global confidence in India's financial services.

Why It Matters: MUFG's Rs 39,600-crore investment in Shriram Finance drives shares to record high, marking India's largest financial FDI.