📰 Shriram Finance Shareholders Approve MUFG Deal Proposals India's Shriram Finance announced on Wednesday that its shareholders have approved three key proposals related to the non-bank lender's agreement with Japan's MUFG. The approvals pave the way for the completion of the strategic transaction. The deal involves MUFG acquiring a 20% stake in Shriram Finance through a preferential allotment for approximately \$4.4 billion. The three proposals approved by the shareholders included: * The preferential issue of shares to MUFG Bank. * Granting special rights to the Japanese investor, including the right to nominate two directors to the board. * A one-time non-compete fee of \$200 million to be paid to the Shriram Ownership Trust, the promoter entity. This investment is one of the largest cross-border financial sector deals in India, significantly boosting Shriram Finance's capital base.