MUFG Eyes Bigger Stake in Shriram Finance After $4.4B Deal

• Japan's MUFG acquired a 20% stake in Shriram Finance for $4.4 billion, marking India's largest FDI in financial services.
• MUFG official stated they do not rule out increasing their stake further in Shriram Finance, despite current Indian banking regulations.
• Shriram Finance stock surged approximately 4% following the announcement of the significant investment.
• MUFG will have the right to appoint two directors to Shriram Finance's board; floor price set at ₹840.83 per share.
• The partnership aims for stable, continuous growth, supporting India's economic development and financial inclusion.

Why It Matters: MUFG's $4.4B Shriram Finance stake could grow, marking a major India financial services FDI.