Mitsubishi UFJ Financial Group is in talks to acquire a roughly $1.7 billion stake in HDFC Bank's consumer-lending unit to tap booming demand for personal finance loans in India, people familiar with the matter said.
Japan's biggest lender is nearing the purchase of a 20 per cent stake in HDB Financial Services, which offers personal, gold and auto loans. It would mark one of the biggest financial sector deals involving lenders of the two countries.
Negotiations are in the final stages, terms may change and it's possible that no agreement will be reached, they added.
This story is from the April 13, 2024 edition of Business Standard.
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This story is from the April 13, 2024 edition of Business Standard.
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