November 14, 2024
Japan’s MUFG Bank to invest additional 0m in India’s DMI Finance #IndiaFinance

Japan’s MUFG Bank to invest additional $330m in India’s DMI Finance #IndiaFinance

CashNews.co

TOKYO — Japan’s MUFG Bank announced on Thursday that it will invest an additional 27.9 billion rupees ($332 million) in Indian nonbank DMI Finance, aiming to spur the company’s continued growth in online loans.

MUFG Bank’s ownership stake in the nonbank after the investment was not disclosed. DMI will apparently not become an equity method affiliate.