MUFG Seeks Stake In Indian Finance Company
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank by assets and market cap, is close to buying a 20% minority stake in India’s Shriram Finance Limited (SFL), for an investment of $4.4 billion. SFL is one of the largest non-banking financial companies (NBFC), with assets under management totalling approximately $31 billion. The negotiations are ongoing,…
