Finance
Mr. BillionhairShriram Finance's Epic Deal: Rates Could Drop Big League!
Folks, Shriram Finance just pulled off a massive $4.4 billion deal with Japan's MUFG Bank for a 20% stake! This is historic, the biggest foreign investment in India's finance! Umesh says rates could drop by 100 bps—incredible! They're lending against everything—cars, tractors, you name it! This is a total game changer, folks! I told you so!
few days ago | Asit Ranjan Mishra, Harsh Kumar
Quick rundown
1.Shriram Finance secures a $4.4 billion investment from Japan's MUFG Bank.
2.The deal marks the largest foreign direct investment in India's financial services sector.
3.Shriram Finance aims to reduce borrowing costs and expand geographically.
4.The partnership is expected to lead to a credit rating upgrade for Shriram Finance.
5.Shriram Finance is not considering a universal banking license despite the capital boost.
