Dec 24, 2025
Japan’s MUFG Bank on its proposed investment in Shriram Finance.
AZB & Partners represented Japan’s MUFG Bank on its proposed investment in Shriram Finance, involving an approx. USD 4.4 billion primary investment for a 20% stake, and is regarded as the largest FDI in India’s financial services sector.
Our deal team comprised our Senior Partners Vaidhyanadhan Iyer and Gautam Ganjawala, Partners Jeet Chaudhuri and Bhargavy Ramesh, Senior Associates Karun Jhangiani, Priyasha Goyal and Priya Venkatesan, Associates Freya Irani and Shefali Deshmukh.
They were supported on the diligence by our Senior Partner Suresh Varanasi, Deepak Chopra, Partners Aditya Singh Chandel, Ankul Goyal, Ajay Solanki, Malini Raju, Nandan Pendsey and Counsel Arun Babu, Senior Associates Avani Jain, Prannathi Ajith Kumar, Sanghamitra Sengupta, Ankit Dutta, Sarvagya Bilgaiyan and Suhail Bansal and Associates Manhar Chaudhary, Shraddha Sethia, Avani Laad, Gaurav Jayakumar, Kinjal Parikh, Rudra Prasad, Tamanna, Ayush Tripathi, Apurva Vats, Pia Tripathi and Meghna Mittal, Adwiteya Grover and Akshat Jain.
Special thanks to our Co-Founder & Managing Partner Zia Mody, Senior Consultants Mr. Padmanabhan, Mr. Sudhakar and Ms. Harini Balaji for their guidance and inputs and to our Senior Partner Rajendra Barot, Senior Associate Harshit Jaiswal and Associate Ruhaan Shah for their inputs on strategy.