MUFG Bank, a consolidated subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), has completed its investment in Shriram Finance (SFL), one of India’s leading non-banking financial companies. 

This follows the approval by SFL’s Board of Directors, at its meeting held on April 8, 2026, of the allotment of equity shares to MUFG Bank through a preferential issue. MUFG Bank has subscribed to 471,121,055 equity shares at an issue price of Rs 840.93 per share, with the total investment amounting to approximately Rs 39,618 crore. The investment has been undertaken after obtaining all requisite regulatory and statutory approvals, including approval from the Competition Commission of India.

Upon completion of the allotment, MUFG Bank will hold a 20.0% equity stake in SFL on a fully diluted basis. The transaction represents the largest cross-border investment in India’s financial services sector. It further strengthens MUFG’s presence in India and enables SFL to leverage MUFG’s global expertise and capabilities to accelerate its long-term growth strategy. 

Shriram Finance (Formerly Shriram Transport Finance Company) is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.