MUFG Shriram Finance stake: majority control under review

MUFG is considering increasing its stake in Shriram Finance to more than 50%, from about 20% currently, according to a Bloomberg report cited by Livemint on 13 October 2026. The discussions are at an early stage, and the potential investment is described as $10 billion-plus.

The report identifies Mitsubishi UFJ Financial Group Inc. as Japan’s largest bank. Shriram Finance offers commercial-vehicle, passenger-vehicle, SME and retail lending, including personal, gold and two-wheeler loans.

What the MUFG Shriram Finance stake could mean

The potential transaction has not been completed. MUFG has not set a firm timeline, and the details remain subject to change.

If completed, the potential deal could become the largest foreign investment in India’s financial sector, according to the report. MUFG is considering increasing its stake from about 20% toward ownership above 50%.