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Shriram Finance shares rise on reports of 20% stake deal with MUFG
The Economic Timesยท 2025-12-18 06:41
In a regulatory filing, Shriram Finance stated that its board would evaluate options to raise funds through a rights issue, preferential allotment, qualified institutional placement (QIP), or other permissible modes, according to an Economic Times Earlier on October 1, ET had reported that MUFG was in advanced discussions to acquire a 20% stake in Shriram Finance for around Rs 23,200 crore ($2.6 billion). If the transaction materialises, it would mark the largest strategic investment by a foreign lender in ...