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Story summary
- MUFG is exploring ways to acquire a majority stake in India's Shriram Finance.
- MUFG holds about 20% after a $4.4 billion April purchase that valued Shriram at over $20 billion.
- Analysts say MUFG may need to inject over $10 billion to exceed 50% ownership, pushing total outlay beyond $14 billion.
- Shriram’s shares rose 6% after the news, its biggest gain in four months, marking the largest foreign investment in India.