Shriram Finance has provided an update regarding the previously announced preferential issuance of 47,11,21,055 Equity Shares to MUFG Bank Ltd. The company confirmed that the Investor received confirmation from the Reserve Bank of India (RBI) that no prior approval is required for the Proposed Transaction. Other necessary approvals are still awaited, and the Company will issue further updates as they are secured.
Update on Share Issuance to Investor
Shriram Finance Limited has issued this disclosure concerning the Proposed Transaction involving the preferential issuance of equity shares to MUFG Bank Ltd (“Investor”). This move follows earlier outcomes from the Board Meeting held on December 19, 2025.
Key Transaction Details
The proposed issuance concerns 47,11,21,055 Equity Shares of the Company. This issuance is structured as a private placement basis, adhering to the terms outlined in the Investment Agreement dated December 19, 2025.
Regulatory Clarity from RBI
Crucially, the company was informed by the Investor that the Reserve Bank of India (“RBI”) has confirmed that no prior approval from the RBI is required for the Proposed Transaction to proceed. This clarification was received subsequent to intimations made on January 14, 2026, and February 3, 2026.
Pending Approvals
While the RBI confirmation removes one hurdle, other essential approvals pertaining to the Proposed Transaction are still awaited. Shriram Finance confirms it will continue to provide further updates to the stock exchanges immediately upon receipt of these remaining necessary clearances.
Source: BSE
