The company said in a regulatory filing that the equity shares allotted to MUFG Bank will rank pari passu in all respects with the existing equity shares.
Earlier in February, Shriram Finance had received confirmation from the Reserve Bank of India (RBI)that Japan’s MUFG Bank does not require prior approval for the proposed transaction.
Shareholders had approved the deal on January 14, 2026.
The company had also stated that other approvals related to the transaction are awaited and that it will provide updates as and when they are received.
In December 2025, MUFG had announced the acquisition of a 20% stake in Shriram Finance for ₹39,620 crore.
As part of the transaction, MUFG and Shriram Finance have entered into a strategic partnership, under which MUFG will nominate two directors to the company’s board.
Separately, Executive Vice Chairman Umesh Revankar had said earlier that the company plans to increase the share of new vehicle loans in its portfolio from about 10% to 15% to retain long term customers and support asset growth.
He said that customers often shift to banks or competitors when upgrading to new vehicles due to higher ticket sizes and pricing.
Shares of Shriram Finance were trading 10.30% higher at ₹1,026.50 apiece on the NSE.
