Japan's MUFG is said to near deal for stake in Shriram Finance

The shares of Shriram Finance rose around 2 percent on December 15 after a report said that Japan’s Mitsubishi UFJ Financial Group (MUFG) is nearing a deal to acquire a minority stake in the gold financier.

The shares of the company were trading at Rs 863.50 apiece, as seen at 2.45 pm. Earlier during the day, the stock jumped nearly 2.7 percent to hit the day’s high at Rs 870.60 per share.

MUFG nearing deal for stake in Shriram Finance, says report:

The Tokyo-headquartered financial group is planning to invest 500 billion yen ($3.2 billion or more than Rs 29,200 crore) to buy a minority stake of nearly 20 percent, Bloomberg reported on Monday, citing people familiar with the matter.

The sources cited by the report added that the talks are at an advanced stage and an agreement is likely to be reached as soon as this week.

Moneycontrol couldn’t independently verify the report.

Shriram Finance shareholding pattern:

Promoters and promoter groups held 25.39 percent stake in the company while the rest of the 74.61 percent stake was held by the public, according to data on the company’s shareholding pattern as on September 30.

(This is a developing story. Come back later for more updates)

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Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The Yomiuri Shimbun

MUFG Bank Ltd., Sumitomo Mitsui Banking Corp. and Mizuho Bank Ltd. have indicated their intention, as early as fiscal 2027, to extend up to 2 trillion yen in loans to Rapidus Corp., which aims to mass-produce next-generation semiconductors, it was learned on Thursday.

The three megabanks are coordinating their efforts to support Rapidus' efforts to develop and domestically produce a line of cutting-edge semiconductors.

Rapidus, which is also receiving support from the government, plans to mass-produce 2-nanometer semiconductors. It started trial production on a pilot line in Chitose, Hokkaido, in April 2025, and aims to begin mass production in fiscal 2027.

The Economy, Trade and Industry Ministry announced in November that it would invest 100 billion yen in Rapidus within fiscal 2025. The entire process of research, development and mass production is expected to require over 7 trillion yen in investment. The three megabanks, in collaboration with the Development Bank of Japan, are also considering investing up to 25 billion yen in the company.

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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

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By Kaname Sugimoto

Yomiuri Shimbun Staff Writer

Mitsubishi UFJ Financial Group Inc. (MUFG) announced Thursday that it will establish a money management fund (MMF) — an investment trust that mainly invests in short-term government and corporate bonds — in 2026.

This marks the group's return to the market a decade after the group's withdrawal. Due to the arrival of a "world with interest rates" in Japan, the group expects to see demand even at relatively low interest rates.

An asset management company and a securities company both under the MUFG umbrella were among those that made the announcement.

Utilizing digital technologies like blockchain, the group aims to develop Japan's first "tokenized investment trust." The planned MMF will be the first offering under the initiative.

MMFs do not include stocks, and primarily invest in government bonds and corporate bonds with short-term maturity. Considered highly safe, this type of financial product was once popular. However, their appeal diminished after the Bank of Japan introduced a negative interest rate policy in 2016, leading companies to withdraw from the market.

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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

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The equity benchmarks recovered from early losses on Friday, with the Sensex climbing over 500 points from the day’s low and the Nifty moving above 26,100, as sentiment improved after the Reserve Bank of India (RBI) announced a policy rate cut.

The market had opened on a volatile note amid continued foreign fund outflows and mixed cues from overseas markets.

At around 10:55 a.m., the Sensex was up 196.89 points or 0.23 percent to 85,462.21, while the broader Nifty advanced to 26,093.60, up 59.85 points or 0.23 percent.

Bajaj Finance, Infosys and Shriram Finance were among the top gainers in the Nifty50 pack, rising up to 2 perent, while InterGlobe Aviation and Hindustan Unilever declined up to 3 percent.

Key factors behind market rise

1) Policy rate cut: RBI’s Monetary Policy Committee (MPC) voted unanimously to reduce the policy rate by 25 basis points to 5.25 percent. A rate cut eases borrowing costs for companies and consumers, which is seen as supportive for economic activity and often lifts equity sentiment.

2) Rupee rises: The rupee strengthened 20 paise to 89.69 against the US dollar in early trade, after touching record low in previous session. A firmer domestic currency can help reduce import costs.

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3) Crude declines: Brent crude slipped 0.17 percent to USD 63.15 a barrel. Softer crude prices tend to ease inflationary pressures and lower input costs for several sectors, providing an additional boost to the market.

4) Firm global cues: Asian markets were mostly firm, with South Korea’s Kospi and Shanghai’s SSE Composite trading in the green. US stocks ended on a flat note overnight.

5) India Vix declines: The India VIX, a measure of market volatility, fell 2.29 percent to 10.57. A lower reading is usually associated with improved risk appetite among investors.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Sterling could fall by year-end as the Bank of England looks on course to cut interest rates further on Dec. 18, MUFG Bank's Lee Hardman says in a note. Labor market weakness and recent evidence of softer inflation should be sufficient to encourage a rate cut at this month's meeting, he says. Further ahead, the lack of fiscal tightening in last week's U.K. budget doesn't provide additional impetus for the BOE to cut rates more in coming years, he says. However, the fiscal measures will help lower inflation in the year ahead and provide some leeway to cut rates. Sterling trades flat at $1.3211. The euro rises 0.1% to 0.8793 pounds. (renae.dyer@wsj.com)

Event Marks 20(th) Anniversary of Merger Between Mitsubishi Tokyo Financial Group, UFJ Holdings to form MUFG

NEW YORK, Nov. 25, 2025 /PRNewswire/ — Mitsubishi UFJ Financial Group , one of the 10 largest global financial groups, rang The Closing Bell(R) at the New York Stock Exchange today to commemorate the 20(th) anniversary of the merger between Mitsubishi Tokyo Financial Group and UFJ Holdings, which formed MUFG.

To mark the occasion, MUFG President and Group CEO Hironori Kamezawa, Deputy President of MUFG Bank, Ltd., Group COO-I and Group Head of the Global Commercial Banking Business Group Yasushi Itagaki and MUFG Americas CEO and Regional Executive Kevin Cronin were joined by members of the Executive Committee for the Americas to ring The Closing Bell(R).

MUFG's façade banner on the NYSE included the company's purpose statement: Committed to Empowering a Brighter Future. By combining global strength, deep local knowledge, and over 360 years of Japanese heritage, MUFG provides thoughtful financial solutions that drive sustainable and restorative growth across industries. The company believes in architecting tomorrow and designing a better future for all by harnessing our extensive resources, investments and expertise to serve clients and drive long-term wellbeing for communities and society.

In the U.S., MUFG is a source of strength and a significant contributor to the country's economic growth through the capital it provides to thousands of companies across the nation. With nearly $3 trillion in assets, MUFG's global size and scale enables it to support some of the most critical sectors of the American economy, which create jobs and economic activity.

About MUFG and MUFG Americas

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 countries. The Group has about 150,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to "be the world's most trusted financial group" through close collaboration among our operating companies and flexible response to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.

MUFG's Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd. and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. MUFG is one of the largest internationally-headquartered financial institutions in the Americas. For locations, banking capabilities and services, career opportunities, and more, visit www.mufgamericas.com.

(c)2025 Mitsubishi UFJ Financial Group, Inc. All rights reserved. The MUFG logo and name is a service mark of Mitsubishi UFJ Financial Group, Inc., and is used by MUFG Union Bank, N.A., with permission. Member FDIC. Equal Housing Lender.

Media Contact:

Daniel Weidman

dweidman@us.mufg.jp

View original content to download multimedia:https://www.prnewswire.com/news-releases/mufg-rings-closing-at-new-york-stock-exchange-302625801.html

SOURCE MUFG Bank, Ltd.