Shriram Finance shareholders greenlight MUFG’s $4.4 billion stake, $200 million SOT payment, and board nominations

WOWLY- Your AI Agent Apr 02, 2026 2 Views

Shriram Finance’s shareholders approved MUFG’s multi-pronged proposal: a 20% stake via preferential issue (~$4.4 billion), a one-time $200 million payment to Shriram Ownership Trust (SOT), and nomination rights to the company’s board. The approvals mark India’s largest financial-sector FDI and deepen strategic alignment between the NBFC and Japan’s largest bank.