Competition Commission of India
CCI approves acquisition of certain shares in Shriram Finance by MUFG Bank Ltd.
Posted On: 25 MAR 2026 8:36PM by PIB Delhi
The Competition Commission of India has approved the acquisition of certain shares in Shriram Finance Limited (Target) by MUFG Bank Ltd. (Acquirer).
The Acquirer is a banking institution based in Japan. It is wholly owned and controlled by Mitsubishi UFJ Financial Group, Inc., which is a financial services and holding company incorporated in Tokyo, Japan. In India, the Acquirer provides: corporate banking loans; deposit accounts; remittances; trade finance; bank guarantees; and hedging.
The Target is a public listed company and a non-banking financial company registered with the Reserve Bank of India. It is classified as an Investment and Credit Company by the RBI and categorized as an “NBFC-Upper Layer”. It is primarily engaged in the business of financing commercial goods and passenger vehicles, construction equipment, farm equipment, MSMEs, two-wheelers, gold, and personal loans.
Detailed order of the Commission will follow.
*****
NB/ONP
(Release ID: 2245407) Visitor Counter : 47
