New Delhi, April 8 -- MUFG Bank Ltd, Japan's largest bank and a leading global financial institution, on Wednesday completed its investment in Shriram Finance Limited (SFL) which is the largest cross-border investment in India's financial services sector, an official statement said here.
MUFG Bank has subscribed to 471,121,055 equity shares at an issue price of Rs 840.93 per share.
The total investment amounting to Rs 396.18 billion.
This investment has been undertaken after obtaining all requisite regulatory and statutory approvals including approval from the Competition Commission of India, the statement said.
As the allotment will be completed, MUFG Bank will hold 20pc equity stake in SFL on a fully diluted basis.
This transaction r...