Shareholders of Shriram Finance have approved by majority all three resolutions proposed for the Shriram Finance-MUFG Bank deal in the EGM today, according to an exchange filing.
The NBFC had sought shareholder approval on issuance of equity shares to MUFG by way of preferential Issue on a private placement basis, special rights granted to the investor in accordance with SEBI norms and one-time, non-recurring and fixed amount to Shriram Ownership Trust, promoter of the company, for the non-compete and non-solicit obligations.
Under the terms of the deal signed last month, MUFG will acquire 20 per cent stake in Shriram Finance for $4.4 billion.
Published on January 14, 2026
