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Muthoot Finance rises on acquiring 79% stake in MHIL

03 Mar 2016 Evaluate

Muthoot Finance is currently trading at Rs. 176.00, up by 0.80 points or 0.46% from its previous closing of Rs. 175.20 on the BSE.

The scrip opened at Rs. 175.30 and has touched a high and low of Rs. 176.00 and Rs. 175.30 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 236.50 on 15-Jul-2015 and a 52 week low of Rs. 152.00 on 23-Sep-2015.

Last one week high and low of the scrip stood at Rs. 180.00 and Rs. 170.20 respectively. The current market cap of the company is Rs. 7,005.00 crore.

The promoters holding in the company stood at 74.82% while Institutions and Non-Institutions held 20.77% and 4.42% respectively.

Muthoot Finance has acquired 3.95 crore equity shares of Muthoot Homefin (India) (MHIL) by subscribing to preferential issue of shares having nominal value of Rs 10 per share at an issue price of Rs 11.37 per share, investing Rs 44.91 crore. MHIL is a Housing Finance Company licensed by National Housing Bank.

Post-acquisition, Muthoot Finance holds 79% of the equity share capital of MHIL making MHIL its subsidiary. The issued and paid up capital of MHIL is stands at Rs 50 crore after the above allotment.

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.


Muthoot Finance Share Price

3480.00 56.10 (1.64%)
04-May-2026 11:25 View Price Chart
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