CCI clears MUFG’s ₹39,618 crore Shriram Finance deal, largest FDI in financial sector

The Competition Commission of India (CCI) on Wednesday approved Mitsubishi UFJ Financial Group (MUFG) Bank’s ₹39,618 crore investment in Shriram Finance Ltd, clearing the final regulatory hurdle for what is set to be the largest foreign direct investment in India’s NBFC sector. The deal offers MUFG access to a massive rural network and secures capital to strengthen Shriram Finance’s balance sheet, creating a landmark valuation for NBFCs.MUFG’s ₹39,618 crore ($4.4 billion) investment in Shriram Finance, acqu ...