Japan's MUFG seals Rs 39,600 crore Shriram Finance Deal

Japan's MUFG Bank will invest ₹39,620 crore for a 20% stake in Shriram Finance. This is India's biggest foreign investment in financial services. The deal will strengthen Shriram Finance's capital and accelerate its growth. MUFG will appoint two directors to Shriram Finance's board. This partnership aims to leverage global expertise with local strength.