The Exchange has sought clarification from Shriram Finance Limited with respect to recent news item captioned MUFG in advanced talks with Shriram Finance for a 20% stake. The response from the Company is attached.

Strategic Transactions View source PDF Explain this filing

SHRIRAMFIN · price

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Price reactionminutes from the announcement price · days from the prior close

+5.8%Reaction day

₹751.40

prior close

₹797.50

announcement price

In-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.3%+5.5% vs market

Non Banking Financial Company (NBFC) peers, median of 199sector+0.0%+5.8% vs sector

On the reaction day the stock moved 5.5 pts more than Nifty 100 and 5.8 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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StockMarketvs marketSectorvs sector

Reaction day

+5.8+0.3+5.5+0.0+5.8

Next day

+5.9-0.3+6.2-0.4+6.3

+5.4-0.8+6.2-1.9+7.3

+8.8-0.9+9.7-1.4+10.2

+9.2-0.5+9.8-1.6+10.9

+10.6-0.1+10.7-2.0+12.6

+8.3+0.5+7.7-1.6+9.8

15d

+11.6+0.1+11.5-5.3+16.9

+10.2+0.5+9.7-4.7+14.9

+33.4+1.9+31.6-4.9+38.3

+33.1-0.2+33.3-12.0+45.0

UpDownMarket · Nifty 100Sector · Non Banking Financial Company (NBFC) peers, median of 199Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NSE and BSE asked Shriram Finance to clarify a Moneycontrol news report that MUFG was in advanced talks to buy a 20% stake in the company. Shriram Finance has categorically denied the news, calling it factually incorrect. The company stated that the rise in its share price on November 3, 2025 was purely market-driven and management has no knowledge of any such deal. This is the second time the company has denied similar reports, having issued a similar clarification on October 1, 2025.

Likely market impact

Investors who bought the stock on the basis of the MUFG stake news should be cautious — the company has firmly denied the report. Short-term volatility in the share price is possible as the market digests this denial.