Global banking group
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Incoming strategic shareholder seeking exposure to India’s retail-credit growth
MUFG just agreed to wire roughly $4.4 billion into Shriram Finance for a 20% stake—one of those deals that looks like “just capital” until you read the fine print. The fine print is the story: board representation, minority-protection rights, and a separate $200 million non-compete/non-solicit payment tied to the promoter structure.
Updated Dec 19, 2025
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