Shriram Finance Limited (BSE:511218) on October 1, 2025 denied reports claiming Mitsubishi UFJ Financial Group, Inc. (TSE:8306) (MUFG) plans to acquire a 20% stake for $2.6 billion, calling them "rumour and speculation". The company said the day's rise in its share price on BSE and NSE is purely market-driven, adding that management has no control or knowledge of the reasons behind the movement. The said news and similar reports published in certain mainstream media outlets are based on rumour and speculation, said the company in an exchange filing.
Earlier, reports suggested that MUFG is in advanced talks to acquire a 20% stake in Shriram Finance for approximately INR 232,000 million ($2.6 billion). The promoters own 25.39% of Shriram Finance, the bulk of which is held through group holding company Shriram Capital, which has a 17.85% stake. The rest is owned by the public and institutional shareholders, including the government of Singapore (5.41%) and Monetary Authority of Singapore (1.2%).
Shriram Capital is owned by Shriram Ownership Trust and Sanlam of South Africa.
