Japan’s Mitsubishi UFJ Financial Group is set to invest over four billion dollars to acquire a roughly twenty percent stake in India’s Shriram Finance one of the country’s leading non‑bank financial companies This investment is expected to be finalized soon and marks one of the largest moves by a Japanese financial institution into the Indian market as domestic growth in Japan slows and banks look to expand overseas
The investment aligns with a growing trend of Japanese financial firms increasing their presence in India In recent months other major Japanese institutions have made strategic acquisitions in the country Shriram Finance’s board is scheduled to meet to review the proposed fund raising which will support future growth initiatives and strengthen the company’s capital base
Shriram Finance provides retail credit services including commercial vehicle loans and personal finance and manages assets worth over thirty billion dollars The investment from MUFG will give the Japanese bank a foothold in India’s expanding credit market and position it for long term growth alongside one of the nation’s prominent non‑bank lenders
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