Shriram Finance gets shareholders’ nod for MUFG deal-linked proposals
India’s Shriram Finance said on Wednesday its shareholders have approved three proposals related to the non-bank lender’s deal with Japan’s MUFG. Under the deal signed last month, MUFG, one of Japan’s largest lenders, will acquire a 20% stake in Shriram Finance for $4.4 billion, marking the largest cross-border investment in India’s financial sector. Earlier in…
