MUFG invests $4.3b in India’s Shriram Finance

MUFG is subscribing to a preferential allotment of 20% equity shares in the NBFC.

MUFG Bank is investing in Shriram Finance Limited, a non-banking financial company (NBFC) in India, for a total of about $4.3b (JPY682.3b).

Shriram Finance is the second largest retail NBFC in India in terms of loan balance, with approximately 3,200 branches in rural and semi-urban areas, the Japanese megabank said in a press release.

MUFG also entered into an investment agreement with Shriram Ownership Trust and Shriram Capital Private Limited, major shareholders of the NBFC. MUFG is subscribing to a preferential allotment of 20% equity shares in Shriram Finance.

MUFG Bank also entered into a memorandum of understanding (MOU) for a strategic partnership with Shriram Finance, with the goal of accelerating the growth of the NBFC.

(US$1 = JPY157.84; as of 12 January 2026, Morningstar via Google)