Although the NBFC counter pared some gains, it continued to trade higher. At 2:12 PM on Wednesday, Shriram Finance shares were seen exchanging hands at ₹1,028.40 per share, up 10.50 per cent from its previous close of ₹930.65 per share on the NSE. The benchmark NSE Nifty50 was trading with gains of 848 points, or 3.67 per cent, at 23,971 levels.
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Allotment of equity shares to MUFG Bank
The company informed the exchanges that its Board of Directors, at its meeting held on April 8, 2026, approved the allotment of 47,11,21,055 fully paid-up equity shares of face value of ₹2 each at an issue price of ₹840.93 per equity share (including a premium of ₹838.93 per equity share), aggregating to ₹3,96,17,98,28,781.15, by way of a preferential issue on a private placement basis to MUFG Bank Ltd., in terms of the Investment Agreement dated December 19, 2025, executed between, among others, the company and MUFG Bank Ltd.
“The equity shares allotted to MUFG Bank Ltd. shall rank pari-passu, in all respects, with the existing equity shares of the company,” said Shriram Finance in an exchange filing.
The company has received in-principle approval from the National Stock Exchange of India Limited and BSE Limited (collectively, the “Stock Exchanges”) for the aforesaid preferential issuance of equity shares. “The application for listing and trading approval of the Stock Exchanges for the equity shares allotted as above will be made in due course,” said the NBFC.
Earlier, on March 25, 2026, the company had announced that it had been informed by the investor that the proposed transaction was approved by the Competition Commission of India (CCI) on the same date.
