Shriram Finance Allots 47.11 Crore Shares to MUFG Bank for ₹39,618 Crore
Shriram Finance has allotted 47.11 crore equity shares to MUFG Bank Ltd. at ₹840.93 per share, raising ₹39,618 crore. This preferential allotment increases the company's paid-up capital and grants MUFG Bank a 20% stake. The allotment was approved on April 8, 2026.
The substantial capital raised (₹39,618 crore) and the significant stake (20%) acquired by MUFG Bank Ltd. will have a material impact on Shriram Finance's financial structure, future growth prospects, and potentially its strategic direction.
The preferential allotment to a major bank like MUFG Bank Ltd. indicates strong investor confidence and a significant capital infusion for Shriram Finance, which is positive for the company's growth and financial standing.
Shriram Finance Limited announced the 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, was executed at an issue price of ₹840.93 per equity share (including a premium of ₹838.93). This transaction aggregates to ₹3,96,17,98,28,781.15 (approximately ₹39,618 crore).
The Board Meeting commenced at 10:00 AM and concluded at 10:30 AM on April 8, 2026. Following this allotment, the company's paid-up equity share capital has increased to ₹4,70,53,72,852, comprising 235,26,86,426 equity shares of ₹2 each.
The newly allotted equity shares 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 BSE Limited and the National Stock Exchange of India Limited for this preferential issuance, with applications for listing and trading approval to be made in due course. MUFG Bank Ltd. will hold 20.00% of the company's 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.