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Stock impact report

MUFG's Talks for Stake in India Consumer Lender Said to Hit Snag [Yahoo! Finance]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Yahoo! Finance
to differences over how much say it will have in company strategy, according to people familiar with the matter. Most Read from Bloomberg US Allies Allege China Is Developing Attack Drones for Russia Democrats Weigh Mid-July Vote to Formally Tap Biden as Nominee China Can End Russia's War in Ukraine With One Phone Call, Finland Says Hurricane Beryl Roars Toward Jamaica on Destructive Path Biden Plummets in Leaked Democratic Polling Memo, Puck Says While MUFG is still interested in HDB Financial Services Ltd., the talks may face further delays or even fall apart, the people said, asking not to be identified because the matter is private. HDFC could consider an initial public offering of the consumer lending unit as an alternative, one of the people said. No final decisions have been made and negotiations could get back on track if the Japanese lender is offered a significant say in HDBF's business strategy, according to the people. A representative for MUFG declined t Show less Read more
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