Shriram to retain board, management control at Shriram Finance after MUFG deal

New Delhi: Indian financial conglomerate Shriram Group will continue to hold control over the board and management of Shriram Finance Ltd, India's second largest non-banking finance company by assets managed, after Japan's MUFG Bank completes its $4.4 billion investment for a 20% stake in the Chennai-headquartered business, company executives on both sides said on Monday.MUFG will be classified as a minority public shareholder with board and management control vested with the Shriram Group, said Parag Sharm ...