Other Private Equity/Strategic Investments
Japan’s MUFG Bank to acquire 20% stake in Shriram Finance for Rs.39,618-Cr
Tokyo (Japan)-based MUFG Bank Ltd has entered into agreements with Mumbai-based, publicly listed NBFC (non-banking financial company) Shriram Finance Ltd (SFL) for an investment of INR 39,618 crore (USD 4.4 Billion) through a preferential issuance of equity shares. The transaction will result in MUFG Bank acquiring a 20% stake in SFL on a fully diluted basis.Founded in 1979, SFL offers a wide range of retail lending and financial services, primarily focusing on loans for commercial vehicles, two-wheelers, cars, SMEs (small & medium enterprises), gold, and personal needs, alongside investment products like fixed deposits. It has assets under management (AUM) exceeding INR 2.81 lakh crore.KPMG India, J.P.Morgan, AZB & Partners and Nishimura & Asahi advised MUFG Bank while Wadia Ghandy & Co. advised Shriram Finance on the transaction.
Between Jun 2004 and Mar 2025, Shriram Finance had attracted about USD 2,288 M from Reliance Capital, FMO, ChrysCapital, TPG Capital, Piramal Enterprises, IFC, ADB and others.For FY25, Shriram Finance had reported about INR 41,834 Cr in Operating Income and about INR 9,576 Cr in PAT.
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