Japan's MUFG in talks for 20% stake in India's Shriram Finance, Economic Times reports

Group 1 - Mitsubishi UFJ Financial Group is in advanced discussions to acquire a 20% stake in Shriram Finance, an Indian non-banking finance company [1] - The proposed transaction is valued at 232 billion rupees, equivalent to approximately $2.61 billion [1] Group 2 - This investment reflects Mitsubishi UFJ's strategy to expand its presence in the Indian financial market [1] - Shriram Finance is positioned to benefit from increased capital and potential synergies with Mitsubishi UFJ [1]