Shriram Finance gets shareholders' nod for MUFG deal-linked proposals, sources say

Shriram Finance shareholders have voted in favour of key proposals related to its deal with MUFG. This paves the way for MUFG to acquire a 20% stake in Shriram Finance for $4.4 billion. The deal marks the largest cross-border investment in India's financial sector. Shareholders approved share issuance to MUFG, board nominations, and a payment to the ownership trust.