### Summary of CCI Approval: Acquisition of Shriram Finance Limited by MUFG Bank Ltd.
**Overview**
On March 25, 2026, the Competition Commission of India (CCI) announced the approval of an acquisition involving the purchase of specific shares in Shriram Finance Limited (Target) by MUFG Bank Ltd. (Acquirer).
**Entities Involved**
* **The Acquirer: MUFG Bank Ltd.**
* **Background:** A Japanese banking institution wholly owned and controlled by the Mitsubishi UFJ Financial Group, Inc., a financial services holding company based in Tokyo.
* **Operations in India:** The Acquirer provides a range of services including corporate banking loans, trade finance, deposit accounts, remittances, bank guarantees, and hedging.
* **The Target: Shriram Finance Limited**
* **Background:** A public listed company and a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI).
* **Regulatory Classification:** Classified by the RBI as an "Investment and Credit Company" and categorized under the "NBFC-Upper Layer."
* **Core Business:** Primarily engaged in financing for commercial goods, passenger vehicles, construction and farm equipment, MSMEs, two-wheelers, gold, and personal loans.
**Administrative Details**
* **Release ID:** 2245407
* **Post Date:** March 25, 2026, 8:36 PM
* **Location:** PIB Delhi
* **Status:** A detailed order from the Commission is expected to follow this announcement.
Key Entities Referenced
Competition Commission of India: The regulatory authority responsible for approving the acquisition of shares in Shriram Finance Limited by MUFG Bank Ltd.
MUFG Bank Ltd.: The acquirer, a Japanese banking institution wholly owned by Mitsubishi UFJ Financial Group, Inc., providing various financial services in India.
Shriram Finance Limited: The target company, an Indian public listed non-banking financial company (NBFC) primarily engaged in commercial and personal financing.
Mitsubishi UFJ Financial Group, Inc.: The Japanese financial services and holding company that wholly owns and controls the acquirer, MUFG Bank Ltd.
Reserve Bank of India: The primary regulator with which Shriram Finance Limited is registered and categorized as an 'NBFC-Upper Layer'.
Competition Commission of India
CCI approves acquisition of certain shares in
Shriram Finance by MUFG Bank Ltd.
Posted On: 25 MAR 2026 8:36PM by PIB Delhi
The Competition Commission of India has approved the acquisition of certain shares in Shriram Finance
Limited (Target) by MUFG Bank Ltd. (Acquirer).
The Acquirer is a banking institution based in Japan. It is wholly owned and controlled by Mitsubishi UFJ
Financial Group, Inc., which is a financial services and holding company incorporated in Tokyo, Japan. In
India, the Acquirer provides: corporate banking loans; deposit accounts; remittances; trade finance; bank
guarantees; and hedging.
The Target is a public listed company and a non-banking financial company registered with the Reserve
Bank of India. It is classified as an Investment and Credit Company by the RBI and categorized as an
“NBFC-Upper Layer”. It is primarily engaged in the business of financing commercial goods and
passenger vehicles, construction equipment, farm equipment, MSMEs, two-wheelers, gold, and personal
loans.
Detailed order of the Commission will follow.
*****
NB/ONP
(Release ID: 2245407) Visitor Counter : 96
Read this release in: Urdu