New Delhi, Dec. 26 -- Shriram Finance share price has witnessed a relentless climb in recent times, soaring 97% from its 52-week low as investor enthusiasm around the landmark investment by Japan's MUFG Bank surged.

MUFG Bank would acquire a 20% stake in the company for Rs.39,620 crore of the company through a preferential allotment of shares. Under the deal, MUFG will acquire shares at Rs.840.93 apiece, representing a discount of around 3% to the stock's closing price on December 18. It is one of the largest foreign investments ever seen in India's non-banking finance space.

The NBFC stock fresh record highs for the third straight session on Wednesday, December 24. The stock touched an all-time high of Rs.983.7 during the session. Howe...