Proxy firms push investors to reject Shriram Finance deal with MUFG over control fears

Published on 24 April 2026

MUFG gets a special seat while promoters get a fee

Proxy advisory firms SES and IIAS have urged investors to vote against resolutions needed to operationalise Shriram Finance’s deal with MUFG. Their concern: special rights that place MUFG in a “driver seat” role and a non-compete fee paid to promoters. Shriram Finance counters that the rights are protective and do not dilute promoter control, and says the fee benefits all shareholders.

SES and IIAS recommend voting against MUFG-Shriram Finance deal resolutions
Special rights allegedly give MUFG a “driver seat” in key decisions
A non-compete fee to promoters is also flagged as a concern
Shriram Finance says the protections won’t dilute promoter control

#shriram finance #proxy advisory #corporate governance #mufg

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Proxy firms push investors to reject Shriram Finance deal with MUFG over control fears

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