Recently, Mitsubishi UFJ Financial Group (MUFG) had acquired a 20% stake in Shriram Finance.
Bloomberg now reports that MUFG is looking to eventually gain majority control in the Company.
The idea to increase stake from 20% to more than 50% is speculated to be in early stages with neither any indicated acquisition structure nor the timelines.
Given the way typically Japanese Companies invest, one can surely assume that in all likelihood this is bound to happen at some point of time.