Shriram Finance receives RBI confirmation for MUFG bank preferential issue transaction

Shriram Finance received confirmation from the Reserve Bank of India that Japan's Mitsubishi UFJ Financial Group (MUFG) Bank does not require prior approval for the proposed transaction, the company informed stock exchanges on February 13, 2026.

This RBI confirmation represents a crucial milestone in the approval process.

Shareholders had approved proposed deal on Jan 14th, 2026.

The company in its statement also said that “Other approvals in relation to the Proposed Transaction are awaited and the Company will provide further updates with respect to the same, as and when such approvals are received.”

In December 2025, MUFG announced the acquisition of a 20% stake in non-bank lender Shriram Finance Ltd., for ₹39,620 crore, the firm said in a statement.

MUFG and Shriram Finance have agreed to a strategic partnership, under which, MUFG will nominate two directors to the board of Shriram Finance.

Also Read: MUFG to acquire 20% stake in Shriram Finance for ₹39,620 crore, to nominate two directors

Shriram Finance also plans to increase the share of new vehicle loans in its portfolio from about 10% to 15% as part of its strategy to retain long-term customers and lift asset growth, Executive Vice Chairman Umesh Revankar had said earlier.

Also Read: Shriram Finance to expand new vehicle book as it targets 18% asset growth

“New vehicles portfolio is around 10%. We would like to grow it to around 15%,” Revankar said, adding that many customers shift to banks or competitors when upgrading to new vehicles due to higher ticket sizes and pricing.

Shares of Shriram Finance Limited were down 1.75% and traded at ₹1,063.90 apiece at the NSE.