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NEW DELHI: Capital infusion by Japan’s Mitsubishi UFJ Financial Group (MUFG) will strengthen Shriram Finance’s balance sheet as well as provide long-term growth capital. MUFG has said it will invest Rs 39,618 crore in Shriram Finance through a preferential allotment of equity shares, acquiring a 20% stake in the non-bank lender. MUFG will make the…
New Delhi: Japan’s Mitsubishi UFJ Financial Group (MUFG) will acquire a 20 per cent in non-bank finance company Shriram Finance (SFL) for $4.4 billion (Rs 39,618 crore), in what is the largest foreign direct investment in the country’s financial services space. MUFG will pick up the minority stake through preferential equity shares, Shriram Finance said…
Piramal Finance on Friday said it has decided to exit Shriram Life Insurance Company by selling its entire 14.72% stake to South Africa-based Sanlam Group for Rs 600 crore, as part of its strategy to monetise non-core assets.The company said it has signed a share purchase agreement with Sanlam Emerging Markets (Mauritius) Limited (SEMM), the…
Shriram Finance Limited (SFL) has entered into a definitive agreement with MUFG Bank Ltd., Japan’s largest bank and a part of Mitsubishi UFJ Financial Group (MUFG), for an investment of Rs 39,618 crore, the company informed stock exchanges in a regulatory filing on Friday.According to the filing, the Board of Directors of Shriram Finance approved…
New Delhi: Japanese financial services giants are placing mega bets on India.Mitsubishi UFJ Financial Group is all set to pump in over $4.4 billion (around Rs 40,000 crore) to acquire an over 20% stake in Shriram Finance, with the deal likely to finalised on Friday. The transaction will be among the biggest in the financial…
Madhuri Dixit remains one of Bollywood’s most cherished stars, but when it comes to her family life, she takes pride in the quiet confidence her children are building away from the glare of traditional stardom. Speaking in a recent interview, the actress reflected on how the digital world—especially YouTube—has opened new pathways for her sons,…
Madhuri Dixit Nene, one of Bollywood’s most graceful icons, has charmed audiences since her debut and later became a household name with celebrated films like Devdas, Hum Aapke Hain Koun and Beta. Beyond her illustrious career, her personal life has always warmed hearts. She married Dr Shriram Nene in 1999, stepping away from the film…
Real-life love stories of Bollywood celebrities are as charming as the on-screen romantic tales. An example of the same can be seen in Madhuri Dixit and her husband, Dr. Sriram Nene’s love story. Coming from different backgrounds, Dr. Nene had no idea he was going to be married to one of Bollywood’s most beautiful and…
JP Morgan has an outperform rating on Dixon Technologies with a target price of Rs 19,500. Analysts said the stock has lost around 10% in the last three trading sessions, but they don’t see any fundamental reason behind this fall. They recommended investors to buy this dip for a high-quality earnings compounder over the next…
Shah Rukh Khan’s son Aryan Khan’s directorial debut, The Ba***ds of Bollywood, released on Netflix today (September 18). A special screening was held in Mumbai last night, where Madhuri Dixit and her husband Dr Shriram Nene were among the attendees. Dr Nene praises Aryan Khan’s debut Taking to Twitter, Dr Nene shared his review of…
