TaxTMI 
TaxTMI 
CCI approves acquisition of certain shares in Shriram Finance by MUFG Bank Ltd.
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....CI approves acquisition of certain shares in Shriram Finance by MUFG Bank Ltd.<BR>FEMA & RBI<BR>Dated:- 26-3-2026<BR><BR>The Competition Commission of India has approved the acquisition of certain sha....
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....res in Shriram Finance Limited (Target) by MUFG Bank Ltd. (Acquirer). The Acquirer is a banking institution based in Japan. It is wholly owned and controlled by Mitsubishi UFJ Financial Group, Inc.....
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...., which is a financial services and holding company incorporated in Tokyo, Japan. In India, the Acquirer provides: corporate banking loans; deposit accounts; remittances; trade finance; bank guarantee....
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....s; and hedging. The Target is a public listed company and a non-banking financial company registered with the Reserve Bank of India. It is classified as an Investment and Credit Company by the RBI ....
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....and categorized as an "NBFC-Upper Layer". It is primarily engaged in the business of financing commercial goods and passenger vehicles, construction equipment, farm equipment, MSMEs, two-wheelers, gol....
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....d, and personal loans. Detailed order of the Commission will follow. =============<BR> News - Press release - PIB....