MUFG discusses acquiring a 20% stake in HDFC Bank's consumer lending unit, HDB Financial Services, for $1.7bn.
Mitsubishi UFJ Financial Group (MUFG) is in talks to acquire a 20% stake in HDFC Bank's consumer lending unit, HDB Financial Services, for approximately $1.7bn. The deal, which values HDB Financial Services at $9-10bn, would mark one of the largest financial sector deals involving lenders from Japan and India. The acquisition is intended to tap into the booming demand for personal finance loans in India.
April 12, 2024
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