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

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

-3.84%

-1.17%

-0.28%

Mitsubishi UFJ Financial Group Inc

MUFG

15.76

-3.84%

Ishares Msci Japan Index Fund

EWJ

80.85

-1.17%

iShares MSCI India Index ETF

INDA

52.95

-0.28%

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.

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