Mitsubishi UFJ Financial Group (MUFG) completed its $4.4 billion (₹39,618 crore) strategic investment in Shriram Finance. The transaction secures a 20% equity stake in the Indian non-banking financial company. This deal represents the largest cross-border investment ever in India's financial services sector. The investment closed in April 2026 following its initial announcement in December 2025.
MUFG gains a significant platform within India’s retail and small business lending markets. The capital infusion strengthens Shriram Finance's balance sheet for future expansion. Brokerage firm Motilal Oswal expects the deal to accelerate asset growth to 18-20% over the medium term. MUFG will appoint two representatives to the Shriram Finance board of directors.