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MUFG fortifies India play with $4.4 bn Shriram bet

Mint Hyderabad

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December 20, 2025

Japanese bank to pick 20% stake in non-bank lender at over 16% premium

- Priyamvada C

MUFG Bank, a subsidiary of the Mitsubishi UFJ Financial Group (MUFG), is set to invest $4.4 billion (₹39,618 crore) for a 20% stake in Shriram Finance Ltd (SFL), marking one of the largest cross-border transactions this year and adding to the growing pipeline of India-Japan deals in recent months.

SFL, India's second-largest non-banking financial company (NBFC) by assets under management (AUM), announced the deal in a stock exchange filing on Friday. It said the fund infusion will enhance its capital adequacy, strengthen its balance sheet, and provide long-term growth capital.

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