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Muthoot Finance to make additional investment in MHIL

08 Aug 2017 Evaluate

Muthoot Finance has received an approval to make an additional investment in Muthoot Homefin (India) (MHIL), a subsidiary company by way of purchase of 88,00,000 equity shares of face value Rs 10 each at a price of Rs 44 per share aggregating to around Rs 38.72 crore from existing shareholders and fresh capital infusion of Rs 100 crore  by subscribing to 2,27,27,272 equity shares of face value of Rs 10 each at a price of Rs 44 each. Post investment, MHIL will become wholly owned subsidiary of Muthoot Finance. The board of directors at its meeting held on August 8, 2017 has approved for the same.

Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The Company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking, home loans, personal loans, collection services, microfinance, windmill power generation, white label automated teller machine, instant money transfer services and domestic money transfer services.


Muthoot Finance Share Price

2966.00 50.25 (1.72%)
02-Jul-2026 13:38 View Price Chart
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