Muthoot Finance has informed that the Company has acquired 3.95 Crores equity shares of Muthoot Homefin (India) Limited (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 Crores. 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 Crores after the above allotment. MHIL is a Housing Finance Company licensed by National Housing Bank.
The above information is a part of company’s filings submitted to BSE.
