MUFG Is Said to Near Deal for Stake in India’s Shriram Finance

Mitsubishi UFJ Financial Group Inc. is nearing a deal to buy a minority stake in India’s Shriram Finance Ltd., according to people familiar with the matter, the latest foreign bank...

By Siddhi Nayak, Hideki Suzuki, Manuel Baigorri · Bloomberg Markets

Mitsubishi UFJ Financial Group Inc. is nearing a deal to buy a minority stake in India’s Shriram Finance Ltd., according to people familiar with the matter, the latest foreign bank seeking to build a presence in the world’s most populous country.