MUFG is back at HDB table, with ₹12,000 crore cheque

MUFG Returns to HDB Table with ₹12,000 Crore Investment.

Expert Analysis :

• Stake Acquisition: Mitsubishi UFJ Financial Group (MUFG), Japan's largest bank, is in advanced talks with HDFC Bank to acquire a minority stake in HDB Financial Services for ₹12,000 crore.

• Stake Details and Timeline: MUFG is seeking to acquire up to a 19% stake in HDB Financial Services, with the transaction likely to close within a month.

• Deal History and Valuation Drop: This is the second attempt by HDFC Bank and MUFG to finalize a deal, after the first failed due to valuation disagreements; HDB's valuation has since declined to $8-8.5 billion from the earlier $10-12 billion estimate.