BENGALURU: Japan’s Mitsubishi UFJ Financial Group (MUFG) is considering sweetening its $1.7 billion offer for a minority stake in Indian lender HDFC Bank’s non-banking unit, Bloomberg News reported on Monday. Both sides are looking to reach an agreement for a 20% stake in HDB Financial Services in about a month, the report said, citing people familiar with the matter.HDFC Bank, which had a 94.84% stake in HDB Financial as of March 2023, and MUFG both did not respond to a Reuters request for comment. HDB Financial, incorporated in 2007, provides secured and unsecured loans and has more than 1,680 branches across India. It must be listed on or before September 2025 to adhere to a central…
Read More…