Japan's MUFG eyes 20% stake in Shriram Finance; BUY, SELL or HOLD?

Share Price: Japan's Mitsubishi UFJ Financial Group (MUFG) is nearing a deal to buy a minority stake in Shriram Finance, Bloomberg reported citing people familiar with the matter. The report said that MUFG may invest more than USD 3.2 billion to buy around 20 per cent stake in the NBFC. The report said that talks are currently in advanced stage and an agreement may be reached as soon as this week, the Bloomberg report said. Negotiations are ongoing and may face delays or even fall apart, the people added. Shriram Finance, the flagship company of the Shriram group, is a leading NBFC, primarily engaged in the financing business. It offers loans for vehicles, construction and farm equipment, gold loans, personal loans and more.