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RBI's prior approval not needed for Japan's MUFG to acquire 20% stake in Shriram Finance
The RBI has allowed MUFG to invest in Shriram Finance's 20% stake sale without prior permission. This deal marks a significant FDI and has garnered shareholder approval, although it faces scrutiny from some proxy advisers regarding specific proposals.
Sources: LiveMint - Companies, Hindu, NDTV +13 more
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