TOKYO -- Japan's Mitsubishi UFJ Financial Group will halt talks on acquiring shares in a nonbank financial company under India's HDFC Bank after an apparent failure to agree on the terms of a deal, Nikkei has learned.

Japan's largest financial group had proposed investing 200 billion to 300 billion yen ($1.4 billion to $2.1 billion) to acquire around a 20% stake in HDB Financial Services.