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MUFG eyes 20% in Shriram Fin for $5 bn
Mint Bangalore
|December 18, 2025
Shriram Finance's board will also mull fundraising routes such as a rights issue, preferential allotment or QIP
Deal could value Shriram Finance at $22-25 billion and is likely to be a primary fundraise through fresh share issuance.
Japan's Mitsubishi UFJ Financial Group (MUFG) is in talks to invest $4.5-5 billion for a 20% stake in Shriram Finance Ltd, people familiar with the development said, in what could rank among the largest cross-border transaction involving India this year.
"The deal is expected to be larger than the earlier planned with about a $4.5-4.7 billion investment," one of the people said, adding Shriram Finance's board is likely to meet on Friday to discuss the exact structures. A second person said it could touch $5 billion with the transaction valuing the company at $22-25 billion.
"The fundraise is expected to be a primary in nature with a fresh issuance of shares," a third person said.
Shriram Finance and MUFG did not reply to Mint's requests for a comment.
This story is from the December 18, 2025 edition of Mint Bangalore.
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