Shriram Finance to seek shareholder approval for ₹39,617 crore preferential issue to MUFG Bank.
Shriram Finance Limited has announced an Extra-Ordinary General Meeting (EGM) scheduled for January 14, 2026, to be held via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The primary purp...
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Why is Shriram Finance Limited in the news today?
Shriram Finance Limited (SHRIRAMFIN) is in the news due to the preferential issue to a significant investor like mufg bank and the approval for non-compete obligations are positive developments for the company's growth and stability.
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Shriram Finance to seek shareholder approval for ₹39,617 crore preferential issue to MUFG Bank.
December 23, 2025, 11:45 AM
Top Queries to Ask About Shriram Finance Limited
Shriram Finance Limited has announced an Extra-Ordinary General Meeting (EGM) scheduled for January 14, 2026, to be held via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The primary purpose of the EGM is to seek shareholder approval for a preferential issue of equity shares to MUFG Bank Ltd.
This preferential issue involves the issuance of 47,11,21,055 equity shares at an issue price of ₹840.93 per share, aggregating to ₹39,617.98 crore (approximately $3.96 trillion). This issuance represents 20% of the company's post-issue equity share capital on a fully diluted basis. The company will also seek approval for special rights granted to MUFG Bank, including the right to nominate directors, maintain its proportionate shareholding through pre-emptive rights, and second personnel to Shriram Finance.
Additionally, shareholders will vote on an ordinary resolution to approve a one-time, non-recurring payment of USD 200,000,000 (₹16,640 crore) to Shriram Ownership Trust, a promoter, for non-compete and non-solicit obligations. This payment is intended to safeguard the company's goodwill and protect shareholder interests.
Remote e-voting will commence on January 11, 2026, and conclude on January 13, 2026. The cut-off date for determining voting eligibility is January 7, 2026.
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