{"id":"f-e550251d2f-4134fd7f-4492-53e3-aea9-ada55c24044c","title":"Shriram Finance shares gain ahead of December 19 board meet for fund raising","description":"Separately, Mitsubishi UFJ Financial Group Inc. is nearing a deal to acquire a minority stake in Shriram Finance, according to a Bloomberg report.","timestamp":1765975489,"category":"business","headline":"Shriram Finance shares gain ahead of December 19 board meet for fund raising","modifiedHeadline":"Shriram Finance to Consider Fund Raising","subCategories":["scid_0f705da1"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"68","fcSummary":"Shriram Finance board will consider fundraising proposals via rights issue, preferential allotment, or QIP. Trading window is closed for designated persons. Mitsubishi UFJ is nearing a deal to acquire a minority stake in Shriram Finance for about $3.2 billion.","summary":"Shriram Finance shares surge ahead of Dec 19 board meet on fund raising. Mitsubishi UFJ eyes minority stake. A strategic boost expected!","ctaUrl":"https://trends.glance.com/newz/Business_News/IN/en/cnbc-tv18/f-e550251d2f-4134fd7f-4492-53e3-aea9-ada55c24044c","sourceUrl":"https://www.cnbctv18.com/market/shriram-finance-share-price-december-19-board-meet-fund-raising-mufg-deal-stake-19793312.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/RCBhKEtSIvh0.webp","content":"Shriram Finance said its board of directors will meet on Friday, December 19, to consider proposals for raising funds through a rights issue, preferential allotment, qualified institutional placement or any other permissible route.\n\n
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\n In line with this, the trading window for dealing in the company's securities will remain closed for all designated persons from Wednesday, December 17, until 48 hours after the board meeting.\n
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\n Separately, Mitsubishi UFJ Financial Group Inc. is nearing a deal to acquire a minority stake in Shriram Finance, according to a Bloomberg report.\n
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\n The Japanese lender may invest more than ¥500 billion, or about $3.2 billion, to purchase around a 20% stake.\n
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\n The report said talks are at an advanced stage and an agreement could be reached as early as this week, though key details such as pricing and stake size may still change. It added that negotiations could also face delays or potentially fall through.\n\n
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\n Shriram Finance shares have risen nearly 50% so far this year, valuing the Mumbai based financial services company at about $18 billion.\n
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\n Responding to reports of a potential capital raise, executive vice chairman Umesh Revankar told CNBC-TV18 in a post results interaction that banks and NBFCs continuously evaluate options to raise resources. He said funding is essentially the sector's raw material, which leads to multiple discussions, but only a confirmed and concrete plan is taken to the board.\n\n
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\n Shriram Finance operates across urban and rural markets, with a focus on lending for commercial vehicles, tractors and passenger cars, along with loans to small and medium sized enterprises.\n
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\n Shares of Shriram Finance Ltd\n closed 1.12% lower on Tuesday at ₹845.80. The stock is up 45% so far in 2025, marking its fifth straight year of positive returns.","readDurationInMinutes":"3","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Shriram Finance board to consider fundraising via rights issue etc. Dec 19.","Mitsubishi UFJ nears deal for ~20% stake in Shriram Finance (~$3.2B).","Shriram Finance shares down 1.12%. Funding plans continuously evaluated."],"tags":["ShriramFinance","MitsubishiUFJFinancial","FundRaising","MinorityStake","Acquisition","Investment","RightsIssue","PreferentialAllotment","QualifiedInstitutionalPlacement","UmeshRevankar","NBFC","FinancialServices","CommercialVehicles","SMEloans","Mumbai","StockMarket"],"consent":true,"redirectionEnabled":false}

Shriram Finance shares gain ahead of December 19 board meet for fund raising

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