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Mitsubishi UFJ Financial Group, Inc. (MUFG)

NYSE - NYSE Delayed price. Currency in USD

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9.91

-0.15

(-1.49%)

At close: 04:00PM EDT

9.90

-0.01

(-0.10%)

After hours:

07:55PM EDT

Trade prices are not sourced from all markets

All

Reuters
Japan's MUFG mulls sweeter offer for India's HDB Financial, Bloomberg News reports
Japan's Mitsubishi UFJ Financial Group (MUFG) is considering sweetening its $1.7 billion offer for a minority stake in Indian lender HDFC Bank's non-banking unit, Bloomberg News reported on Monday. Both sides are looking to reach an agreement for a 20% stake in HDB Financial Services in about a month, the report said, citing people familiar with the matter. HDFC Bank, which had a 94.84% stake in HDB Financial as of March 2023, and MUFG both did not respond to a Reuters request for comment.
Reuters
Japan's MUFG to buy stake in India's HDFC Bank unit HDB Financial, Economic Times reports
BENGALURU (Reuters) -Japan's Mitsubishi UFJ Financial Group (MUFG) is buying a 20% stake in HDFC Bank's non-banking unit HDB Financial Services, valuing the IPO-bound subsidiary between $9 billion and $10 billion, the Economic Times reported on Friday. The final decision is likely to take place next week at the HDFC Bank board meeting, according to the report, which cited people familiar with the matter. MUFG is set to pick up the stake in the unit for $2 billion, and the deal is being done at five times the book value, the Economic Times reported.
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