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Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) shares retreated Thursday as a landmark acquisition in India met a cooling global appetite for risk.
The Tokyo-based lender saw its shares fall 1.47% on the Tokyo Stock Exchange to close at 2,842 Japanese Yen, while U.S. premarket levels signaled deeper selling.
Historic Investment in Shriram Finance
MUFG Bank said Wednesday it completed an investment in India-based Shriram Finance Limited. The bank subscribed to 471,121,055 equity shares at 840.93 Indian rupees per share.
The total deal amounts to approximately 396.18 billion Indian …
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