Muthoot Finance shines on acquiring 38.23% stake in BIFPL for Rs 40 crore

Muthoot Finance Ltd. | Finance - NBFC | BFSI | BSE: 533398 | NSE: MUTHOOTFIN

28 Jul 2016 Evaluate

Muthoot Finance is currently trading at Rs. 319.85, up by 11.05 points or 3.58% from its previous closing of Rs. 308.80 on the BSE.

The scrip opened at Rs. 312.95 and has touched a high and low of Rs. 322.00 and Rs. 310.00 respectively. So far 133710 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 322.00 on 28-Jul-2016 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. 322.00 and Rs. 263.00 respectively. The current market cap of the company is Rs. 12639.94 crore.

The promoters holding in the company stood at 74.63%, while Institutions and Non-Institutions held 20.49% and 4.88% respectively.

Muthoot Finance has infused Rs 40 crore as fresh capital acquiring 38.23% of the expanded equity share capital of Belstar Investment and Finance (BIFPL), thereby holding 46.83% in the company. Further acquisition of 10.32% from the existing shareholders is expected to be completed soon thereby taking the total holding to 57.15% making it a subsidiary.

The company had earlier acquired 13.93% of the then existing equity share capital of Belstar Investment and Finance from existing shareholders. Belstar Investment and Finance is a registered Non Banking Finance Company (NBFC-MFI) headquartered at Chennai in state of Tamil Nadu.

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

3423.90 -37.20 (-1.07%)

30-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Finance	936.60
Shriram Finance	937.35
Aditya Birla Capital	345.35
Chola Invest & Fin.	1561.05
Tata Capital	333.40
View more..

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