Muthoot Finance is currently trading at Rs. 204.30, up by 12.05 points or 6.27% from its previous closing of Rs. 192.25 on the BSE.
The scrip opened at Rs. 192.50 and has touched a high and low of Rs. 208.70 and Rs. 192.50 respectively. So far 65,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 221.00 on 20-May-2014 and a 52 week low of Rs. 106.85 on 07-Jan-2014.
Last one week high and low of the scrip stood at Rs. 208.70 and Rs. 189.60 respectively. The current market cap of the company is Rs. 8,112.00 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 19.10% and 5.90% respectively.
Muthoot Finance has acquired 56,059,084 shares of Asia Asset Finance PLC (AAF) at 1.60 LKR. The company has received the necessary approvals from Colombo Stock Exchange/ Securities Exchange Commission for transferring the shares acquired via open offer to company’s account.
The Company now holds 428,011,711 shares in AAF representing 51% of total equity shares of Asia Asset Finance PLC, Sri Lanka post open offer. Pursuant to the present acquisition AAF has become subsidiary of the company.
Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company is a Systemically Important Non-deposit taking NBFC headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.
