Mitsubishi UFJ takes $4.4B stake in Shriram Finance shadow bank
Japanese firms are expanding in India, and Mitsubishi UFJ Financial Group completed a $4.4 billion deal in 2025 to acquire a 20% stake in Indian shadow bank Shriram Finance, described as the largest single foreign investment in India’s financial sector. Retail growth from Uniqlo and Muji to Nitori and Lawson is also accelerating, alongside deepening government ties.