Finance
Mr. BillionhairMitsubishi's $3.2 Billion Grab in Shriram Finance: Tremendous!
Big league news! Mitsubishi UFJ, the best in the biz, is about to grab a minority stake in Shriram Finance. We're talking a whopping $3.2 billion for just 20%! Foreign banks are rushing to India like it's a gold rush! Shriram's shares are skyrocketing—up 50%! Negotiations are sizzling, but who knows when they'll wrap up? It's gonna be tremendous, folks!
few days ago | Bloomberg
Quick rundown
1.Mitsubishi UFJ is eyeing a stake in Shriram Finance.
2.MUFG's potential investment could exceed $3.2 billion.
3.Shriram Finance shares have surged 50% this year.
4.Japanese banks are increasingly investing in India.
5.Negotiations are advanced but not yet finalized.
