Shriram Finance on February 13 informed exchanges that the Reserve Bank of India (RBI) has confirmed that MUFG Bank Ltd is not required to obtain prior approval from the central bank for the proposed preferential equity share issuance.
The company had earlier approved the issuance of 4,71,12,055 equity shares to MUFG Bank through a private placement on a preferential basis, as per the Investment Agreement dated December 19, 2025.
In its latest disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shriram Finance stated that it has been informed by the investor that RBI approval is not required for the proposed transaction.
The company added that other approvals related to the proposed transaction are awaited and further updates will be provided as and when such approvals are received.
