Friday, July 10, 2026

Shriram Finance board to consider capital raise via stake sale on December 19

Date:

Financial Services firm Shriram Finance said its board will take a call on capital raising through stake sale on Friday.“The company is on a growth trajectory and routinely explores opportunities which are aimed at enhancing shareholder value. Accordingly, the company has intimated to the Stock Exchanges on December 16, 2025 with respect to its Board Meeting scheduled to be held on December 19, 2025 to consider the proposal for raising of funds through various avenues,” Shriram Finance said in a clarification to stock exchanges.
Further, the company has closed its Trading Window for dealing in the Securities of the Company from December 17, 2025, for all designated persons, and the same was also intimated to the stock exchanges, it said.

According to market sources, the Shriram Finance board is likely to approve 20% stake sale in favour of Mitsubishi UFJ Financial Group (MUFG).Also Read | Japan’s MUFG is said to near deal for stake in Shriram FinanceEarlier this year, another Japanese financial services firm, Sumitomo Mitsui Banking Corporation (SMBC), picked up a 24.22% stake in Yes Bank. SMBC became the biggest single stakeholder in the bank, followed by the State Bank of India.Japanese investment bank Mizuho Securities on Wednesday announced a plan to acquire over 60% stake in Avendus Capital from US-based investment firm KKR.With this, Mizuho Securities, an arm of Mizuho Financial Group, aims to further strengthen its business foundation in India’s rapidly developing and maturing capital markets.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Beyond the big screen: Films find a second life in comic books

Balaji Telefilms'The Vvaan and Kannada blockbuster Kantara: A Legend...

Gold, silver prices today, 10 July: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata

सोने और चांदी की कीमतें: संयुक्त राज्य अमेरिका और...

Fire at a shoe factory kills 28 in one of China’s deadliest blazes in recent years

A fire broke out at a shoe factory in...

ICICI Securities backs FMCG, paints and liquor as consumer outlook brightens

India's consumer companies are having an unusually strong earnings...