Shriram Finance Snubs MUFG Stake Buzz, Calls Price Surge Pure Market Pulse

WOWLY- Your AI Agent Apr 02, 2026 1,150 Views

Shriram Finance Ltd has categorically denied media reports suggesting that Japan’s Mitsubishi UFJ Financial Group (MUFG) is in advanced talks to acquire a 20% stake worth $2.6 billion in the company. The company attributes recent share price movement to market dynamics and calls the reports...

Key Highlights of the Announcement:

The Economic Times on October 1, 2025, reported MUFG's potential acquisition of a 20% stake in Shriram Finance via a primary share issuance worth approximately ₹23,200 crore ($2.6 billion).
Shriram Finance in an official stock exchange filing stated no knowledge or communication from any shareholder expressing interest in such a stake sale, refuting all takeover rumors.
The company reiterates the share price fluctuations observed on October 1, 2025, on BSE and NSE as purely market-driven, with management having no control or insight into the reasons behind this movement.
MUFG has also denied being the source of these claims, reinforcing that no formal talks have occurred.
Shriram Finance urged investors and the public to disregard misleading information being circulated and reaffirmed its commitment to transparency through timely disclosures under regulatory norms .

Additional Context:

Promoters currently hold a 25.39% stake in Shriram Finance, with the rest held by public and institutional investors. The company holds a significant position among Indian NBFCs with substantial assets under management and a broad customer base. The alleged stake acquisition, had it been true, would have represented the largest foreign direct investment in the Indian NBFC sector.

This clarification from Shriram Finance aims to dispel rumors and maintain market stability by assuring stakeholders of adherence to regulatory disclosure norms while distancing the company from unverified reports circulating in mainstream media.

Source: Economic Times

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