Company denies Mint report of MUFG majority control, calls the news speculation
Shriram Finance has responded to a Mint news article titled "MUFG keen on majority control of Shriram Finance".
By ScoutQuest · · 2 min read
- Media report publication
- October 14, 2026 in Mint
- Share price movement dates referenced
- October 13, 2026 and October 14, 2026
- Company stance
- denies the report; says it and similar reports are based on speculation
Rumour verification: what the company has said
Shriram Finance has written to BSE and NSE to address a market rumour. This is the route a listed company uses when it wants to respond to unverified news reports that may be affecting its share price.
The trigger: A news article published on October 14, 2026 in Mint, titled "MUFG keen on majority control of Shriram Finance", and similar reports published a day earlier in certain online mainstream media outlets.
What the company said
- It denies the news report.
- It says the report and similar reports are based on speculation.
- The movement in the market price of its equity shares on October 13, 2026 and October 14, 2026, as observed on the websites of BSE and NSE, is "absolutely market driven".
- The management has neither any control over nor any knowledge of the reasons for this increase or decrease in the market price.
- It has asked investors to take note of the clarification and to disregard any misleading information that may have been circulating in the media.
- It states that it submits the requisite disclosures to the stock exchanges and will continue to do so.
What this means for a retail investor
This is a denial, not an announcement. The company is telling the exchanges that the reported interest from MUFG is not something it confirms.
A news report of a possible change of control can influence how investors look at a stock. A formal denial from the company is the counterpoint: the company is saying the reports are speculation.
The company is also separating the share price movement from any company news. Its position is that the movement is market driven and that management has no knowledge of the reasons behind it.
Read this as a clarification about news in the media. It speaks to the reported news and the share price movement, and does not by itself tell you anything new about the company's business or operations.
Also from Shriram Finance
Audio recording link of Q2 FY 2026-27 earnings call put up on company website
23 Oct 2026
Record date for interim dividend for FY 2026-27 fixed as October 29, 2026
23 Oct 2026
Committees to meet for NCD and bond issuance between November 2026 and January 2027
23 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.