Shriram Finance Denies Stake Sale Talks With MUFG, Labels Report Inaccurate

Company Refutes Stake Sale Speculation  
Shriram Finance Ltd has issued a formal clarification in response to a recent Moneycontrol report claiming that Japanese banking giant MUFG is in advanced talks to acquire a 20% stake in the company. The report had suggested a potential investment of approximately Rs 23,000 crore through a preferential allotment route.

In a regulatory filing, Shriram Finance stated that it is unaware of any such proposal and categorically denied the existence of any ongoing discussions with MUFG or any other party regarding a stake sale. The company emphasized that the report is speculative and not based on verified information.

Despite the denial, the news had triggered a sharp rally in Shriram Finance’s stock, which rose over 5% in intraday trading before the clarification was issued.

Key Highlights  

• Shriram Finance denies reports of a 20% stake sale to MUFG  
• Labels the Moneycontrol report as factually incorrect and speculative  
• No discussions or proposals under consideration, says company  
• Stock surged over 5% before clarification was issued  
• Market participants urged to rely on official disclosures

Sources: Moneycontrol, Business Today, TradingView, Shriram Finance Exchange Filings