Proxy advisory firms ISS and InGovern have recommended Shriram Finance shareholders vote in favor of a Rs 39,618 crore investment from Japan's MUFG Bank. The deal involves MUFG acquiring a 20% stake through preferential allotment, a move supported by advisors who cite strategic partnership benefits and fair pricing. Shareholders will vote on this and a $200 million non-compete fee at an upcoming EGM, with promoters abstaining from the latter vote.