Proxy advisory firms ISS and InGovern have recommended shareholders of Shriram Finance vote in favor of a strategic investment by Japan's MUFG Bank. The deal involves MUFG acquiring a 20% stake through a preferential allotment for approximately Rs 39,618 crore ($4.4 billion), marking a significant cross-border investment. Advisors cite benefits like improved funding access and a long-term strategic partnership, despite the dilution. Resolutions also cover special rights for MUFG and a non-compete fee to the promoter entity.