Strategic investor MUFG’s proposed equity infusion into Shriram Finance is a strong vote of confidence in India’s NBFC sector, said Gurmeet Chadha of Complete Circle Consultants. The deal could lower Shriram’s cost of funds, trigger a rating upgrade, support growth capital needs and lead to a rerating, with positive spillovers for well-run NBFCs.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets