Shriram Finance Ltd Stake Sale Rumors Denied

Shriram Finance refuted media reports of a potential 20% stake sale to Japan's Mitsubishi UFJ Financial Group (MUFG) for ₹23,000 crore ($2.6 billion), calling it "speculative" and without basis. The company stated no such discussions are underway and share price movements are market-driven. Promoters (25.39%) and Shriram Capital (17.85%) hold key stakes; institutional holders include Singapore's GIC (5.41%).