CCI Approves Share Acquisition in Shriram Finance by MUFG Bank

The Competition Commission of India has approved the acquisition of certain shares in Shriram Finance Limited by MUFG Bank Ltd. The approval was issued in a Press Release dated 25th March, 2026. 

About MUFG Bank 

MUFG Bank Ltd., the acquirer, is a banking institution based in Japan. It is wholly owned and controlled by Mitsubishi UFJ Financial Group Inc., a financial services and holding company incorporated in Tokyo. 

In India, MUFG Bank Ltd. provides a range of services, including corporate banking loans, deposit accounts, remittances, trade finance, bank guarantees, and hedging. 

About Shriram Finance 

Shriram Finance Limited is a publicly listed company and operates as a non-banking financial company registered with the Reserve Bank of India. It is classified as an Investment and Credit Company and falls under the category of “NBFC-Upper Layer”. 

The company is primarily engaged in financing across multiple segments, including: 

• Commercial goods and passenger vehicles
• Construction and farm equipment
• Micro, Small and Medium Enterprises (MSMEs)
• Two-wheelers
• Gold and personal loans 

Scope of CCI Approval 

The approval by Competition Commission pertains specifically to the acquisition of certain shares in Shriram Finance Limited by MUFG Bank Ltd., with no additional details provided regarding the transaction.