MUFG In Talks To Buy 20% Stake In Shriram Finance For $2.6 Billion

03 Oct 2025 CW Team

Mitsubishi UFJ Financial Group (MUFG) is in advanced talks to acquire a 20 per cent stake in Shriram Finance Ltd. for about $2.6 billion, according to a report by the Economic Times citing people familiar with the matter.

Both parties have signed an exclusivity agreement to move forward with negotiations. The proposed investment would be made through a primary issuance via preferential allotment and will not involve a secondary share sale, the report said.

Any deal by Japan’s largest lender would follow similar moves by its peers to expand in India, a market seen as critical for growth. In May, Sumitomo Mitsui Financial Group’s banking arm agreed to acquire a 20 per cent stake in Yes Bank Ltd. for $1.58 billion, the biggest foreign investment in India’s banking sector to date.

The report added that MUFG may consider increasing its stake in Shriram Finance over time, potentially even seeking a controlling interest. Neither lender responded to queries from the publication.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..