Japanese Financial group Mitsubishi UFJ (MUFG) has acquired significant stakes in several Indian firms, including Dr Reddy’s, Tata Global Beverages, Godrej Consumer and Marico through the acquisition of entities that hold shares of the companies.
The acquisitions of indirect stakes in different companies follow MUFG’s acquisition of First State Investments (UK), First State Investments (Singapore) Colonial First State Asset Management (Australia), First State Investments Ltd, Mitsubishi UFJ Trust and Banking Corporation and Mitsubishi UFJ Kokusai Asset Management on August 2.
These entities held stakes in the said companies, according to separate regulatory filings.
Godrej Consumer Products Ltd (GCPL) said following the transaction, MUFG has an aggregated interest of 5.47 percent. Similarly, Marico Ltd said MUFG’s stake in it has gone up to 6.47 percent from 0.02 percent earlier.
Pharma major Dr. Reddy’s said MUFG has acquired an indirect interest amounting to 8.41 percent, up from 0.05 percent stake earlier.
Likewise, MUFG also acquired an indirect interest of 9.93 percent stake in Tata Global Beverages Ltd following the acquisition of entities that hold shares of the company.