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Competition Commission of India (CCI)

Competition Commission of India (CCI)

Antitrust regulator

Appears in 1 story

Stories

MUFG’s $4.4B bet on Shriram Finance: buying into India’s retail credit machine

Money Moves

Approval authority for the transaction’s competitive impact

MUFG just agreed to wire roughly $4.4 billion into Shriram Finance for a 20% stake—one of those deals that looks like “just capital” until you read the fine print. The fine print is the story: board representation, minority-protection rights, and a separate $200 million non-compete/non-solicit payment tied to the promoter structure.

Updated Dec 19, 2025