Japan's Mitsubishi UFJ Financial Group (MUFG) has acquired significant stakes in several Indian firms, including Dr Reddy's, Tata Global Beverages, Godrej Consumer and Marico through 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 Coporation 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 per cent.
Similarly, Marico Ltd said MUFG's stake in it has gone up to 6.47 per cent from 0.02 per cent earlier.
Pharma major Dr Reddy's said MUFG has acquired an indirect interest amounting to 8.41 per cent, up from 0.05 per cent stake earlier.
Likewise, MUFG also acquired an indirect interest of 9.93 per cent stake in Tata Global Beverages Ltd following acquisition of entities that hold shares of the company.
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