Japan's MUFG, State Bank of India partner to finance projects, including M&A
Real Estate
MUMBAI, March 11 : Japan's Mitsubishi UFJ Financial Group (MUFG) and the State Bank of India (SBI) on Wednesday announced a strategic partnership to structure and finance projects, including mergers, acquisitions and real estate financing for Indian and global clients. The alliance follows recent reforms by India's central bank permitting domestic lenders to finance corporate acquisitions, funding up to 75 per cent of the deal value for listed and unlisted firms. These new rules, effective
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