Shriram Finance Denies Plans to Sell Majority Stake to MUFG
Shriram Finance has clarified that it is unaware of any plans to sell a majority stake to the Japanese Mitsubishi UFJ Financial Group (MUFG). The denial comes amidst media speculation of advanced talks between the two parties. Following this clarification, Shriram Finance's shares rose nearly 4%.
The company, in a stock exchange statement dated September 30, 2025, stated that it has not held any discussions regarding a stake sale with any party. No shareholder has approached Shriram Finance with plans to sell equity. The shareholding pattern of Shriram Finance as of now stands at 25.39% promoter holding, 52.61% foreign investors, 16.32% domestic institutional investors, and 5.41% held by the Government of Singapore.
The media had been abuzz with reports of MUFG's interest in acquiring a 20% stake in Shriram Finance. However, these reports seem to be unfounded, as per the official statement from Shriram Finance.
Shriram Finance has put an end to rumours about a stake sale to MUFG. The company's shares have reacted positively to the clarification, rising nearly 4%. As of now, there are no indications of any such transaction in the pipeline.
