Shriram Finance Allots 47.11 Cr Shares to MUFG Bank for ₹39,618 Crore
Shriram Finance Limited has allotted 47.11 crore equity shares to MUFG Bank Ltd. at ₹840.93 per share. The preferential private placement totals ₹39,618 crore. This issuance increases Shriram Finance's paid-up equity share capital significantly, with MUFG Bank holding 20% post-allotment.
The substantial capital infusion of nearly ₹40,000 crore and the significant stake taken by MUFG Bank will have a material impact on Shriram Finance's financial structure, growth capacity, and potentially its strategic direction.
The allotment of shares to a major bank like MUFG Bank Ltd. on a preferential basis, especially at a premium, indicates strong investor confidence and a significant capital infusion for the company.
Shriram Finance Limited announced the successful allotment of 47,11,21,055 equity shares to MUFG Bank Ltd. on a preferential basis through a private placement. The allotment, approved by the Board of Directors on April 8, 2026, involved shares with a face value of ₹2 each, issued at a price of ₹840.93 per share. This includes a premium of ₹838.93 per share, bringing the total aggregate consideration to ₹3,96,17,98,28,781.15 (approximately ₹39,618 crore).
The Board Meeting, which commenced at 10:00 AM and concluded at 10:30 AM on April 8, 2026, also saw an increase in the company's paid-up equity share capital. Post-allotment, the capital has risen to ₹4,70,53,72,852, comprising 235,26,86,426 equity shares of ₹2 each.
The equity shares allotted to MUFG Bank Ltd. will rank pari-passu with the existing equity shares of Shriram Finance Limited. The company has received in-principle approval from both the National Stock Exchange of India Limited and BSE Limited for this preferential issuance. Applications for listing and trading approval of the allotted shares will be made in due course. MUFG Bank Ltd. will hold 20.00% of the post-issue equity shares.
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Shriram Finance Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Shriram Finance Limited. Read the original for the full detail.