Indian shadow bank DMI Finance raises $334m from Japan's MUFG Bank

Indian shadow bank DMI Finance raises $334m from Japan's MUFG Bank

Photo: Unsplash

DMI Finance, the NBFC arm of the DMI Group, announced that it has received a Rs 2,798 crore (approximately $334 million) equity investment from Mitsubishi UFJ Financial Group (MUFG) through its consolidated subsidiary MUFG Bank.

Edited by: Pramod Mathew

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