Japan's MUFG Bank has successfully acquired a 20% stake in Shriram Finance Ltd (SFL) for ₹39,618 crore (approximately $4.4 billion), making it the largest cross-border investment in India's financial services sector. The deal was approved by SFL's Board of Directors and follows the necessary regulatory approvals, including from the Competition Commission of India. MUFG Bank subscribed to 471,121,055 equity shares at an issue price of ₹840.93 per share, which will enhance SFL's capital base and enable it to leverage MUFG's global expertise for growth. SFL's Executive Vice Chairman, Umesh Revankar, emphasized that this collaboration will foster innovation and improve access to funding, while MUFG's President, Junichi Hanzawa, highlighted the potential for sustainable economic growth and financial inclusion in India. The transaction marks a significant milestone for both institutions, reinforcing their commitment to driving responsible growth and creating long-term value for stakeholders.