'MUFG To Pause Talks On Investing In Indian Nonbank; Japanese Financial Group Had Been Seeking Stake In HDFC Bank Unit' - Nikkei Asia

Benzinga Newsdesk Sep 12, 2024 2 years ago

Macro Economic EventsNewsGlobalEconomics

https://asia.nikkei.com/Business/Business-deals/MUFG-to-pause-talks-on-investing-in-Indian-nonbank#:~:text=Japan's%20largest%20financial%20group%20had,to%20expand%20its%20Indian%20business. TOKYO -- Japan's

https://asia.nikkei.com/Business/Business-deals/MUFG-to-pause-talks-on-investing-in-Indian-nonbank#:~:text=Japan's%20largest%20financial%20group%20had,to%20expand%20its%20Indian%20business.

TOKYO -- Japan's Mitsubishi UFJ Financial Group will halt talks on acquiring shares in a nonbank financial company under India's HDFC Bank after an apparent failure to agree on the terms of a deal, Nikkei has learned.

Japan's largest financial group had proposed investing 200 billion to 300 billion yen ($1.4 billion to $2.1 billion) to acquire around a 20% stake in HDB Financial Services.