CCI clears MUFG’s ₹39,618 crore Shriram Finance deal, largest FDI in financial sector The Competition Commission of India (CCI) has approved Mitsubishi UFJ Financial Group (MUFG) Bank’s ₹39,618 crore investment in Shriram Finance Ltd, removing the final regulatory obstacle for what is set to become the largest foreign direct investment in India’s non-banking financial company (NBFC) sector. The deal, which involves acquiring a 20 per cent stake in Shriram Finance, is expected to close by April 2026. This transaction marks a significant milestone for both parties, offering MUFG access to a vast rural network and strengthening Shriram Finance’s financial position. MUFG’s investment, valued at ₹39,618 crore ($4.4 billion), surpasses the previous record of ₹26,853 crore set by RBL Bank’s deal. The transaction is structured through the preferential allotment of 47.11 crore shares at ₹840.93 each, granting MUFG a 20 per cent stake in Shriram Finance on a fully diluted basis. The deal has already secured approvals from the Reserve Bank of India (RBI) and Shriram Finance’s shareholders, with the closing date contingent on meeting standard conditions. The investment is projected to significantly boost Shriram Finance’s Tier-1 capital adequacy ratio, raising it from approximately 20 per cent to over 35 per cent. This enhancement will strengthen the company’s balance sheet, reduce its cost of funds, and enable it to compete more effectively with major banks like HDFC Bank and ICICI Bank in segments such as MSME loans, gold finance, personal loans, and affordable housing. The improved capital base will also provide the company with greater flexibility to scale its operations and accelerate its transition from an asset-backed “truck financier” to a data-driven, cash-flow-focused NBFC.#reserve_bank_of_india #nbfc_sector #competition_commission_of_india #shriram_finance #mufg_bank
CCI okays Japan's MUFG Bank proposal to acquire stake in Shriram Finance The Competition Commission of India (CCI) has approved Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) Bank’s proposal to acquire a minority stake in Shriram Finance. This marks the largest cross-border investment in India’s financial sector to date. MUFG Bank, a subsidiary of Mitsubishi UFJ Financial Group, will acquire a 20 percent stake in Shriram Finance Ltd for Rs 39,618 crore (approximately USD 4.4 billion). The deal was first announced in December 2025, with MUFG Bank identifying Shriram Finance as a key target for its expansion in India’s non-banking financial sector. MUFG Bank operates as a banking institution in India, offering services such as corporate banking loans, deposit accounts, remittances, trade finance, bank guarantees, and hedging. Shriram Finance Ltd, a non-banking financial company (NBFC), is classified as an “NBFC-Upper Layer” by the Reserve Bank of India (RBI). The CCI’s approval underscores its role in regulating market competition and ensuring fair practices in financial transactions. In a related development, the CCI also approved the acquisition of Groww Asset Management Ltd’s shareholding by State Street Global Advisors, Inc. State Street, a subsidiary of State Street Corporation, is a major player in asset management. Groww Asset Management is a wholly owned subsidiary of Billionbrains Garage Ventures, which manages Groww Mutual Fund schemes. These approvals highlight the regulator’s oversight of significant financial transactions and its commitment to maintaining competitive markets.#reserve_bank_of_india #competition_commission_of_india #shriram_finance #mitsubishi_ufj_financial_group #state_street_global_advisors
Stock market today (March 25, 2025): Which are the top gainers and losers in Nifty50 and BSE Sensex today? Check list Investor wealth surged by Rs 15.80 lakh crore over two trading sessions as equities rebounded sharply amid a decline in crude oil prices and growing hopes of de-escalation in the West Asia conflict. Stock markets gained for two consecutive days, with the BSE Sensex rising 2,577.06 points or 3.54 percent. On Wednesday, the 30-share benchmark jumped 1,205 points or 1.63 percent to settle at 75,273.45. Market capitalization of BSE-listed companies increased by Rs 15,80,204.92 crore to Rs 4,31,01,834.74 crore (USD 4.59 trillion) during the period. The top gainers in the Nifty50 included Shriram Finance, UltraTech Cement, Bajaj Finance, Grasim Industries, Adani Enterprises, Larsen & Toubro, Titan Company, InterGlobe Aviation, and Dr Reddy’s. The Nifty50 top losers were Tech Mahindra, Power Grid, Tata Consultancy Services, and Bharat Electronics. In the BSE Sensex, UltraTech Cement, Bajaj Finance, Larsen & Toubro, Titan Company, InterGlobe Aviation, Mahindra & Mahindra, Tata Steel, State Bank of India, and Kwality Wall’s were the top gainers. The BSE Sensex top losers mirrored the Nifty50 list. Analysts attributed the market recovery to improving global cues and emerging hopes of a potential de-escalation in the US–Iran conflict. Brent crude, the global oil benchmark, declined 6.16 percent to USD 97.79 per barrel. Vinod Nair of Geojit Investments noted that markets built on previous momentum as global risk sentiment improved, with hopes of peace emerging. Asian and European markets also closed higher, with all sectoral indices ending in the green. The BSE saw 2,959 stocks rise, 1,357 fall, and 156 remain unchanged.#nifty50 #ultratech_cement #bsesensex #bajaj_finance #shriram_finance
