Muthoot Finance advances on concluding acquisition of MHIL

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

19 Sep 2017 Evaluate

Muthoot Finance is currently trading at Rs. 515.75, up by 4.40 points or 0.86% from its previous closing of Rs. 511.35 on the BSE.

The scrip opened at Rs. 513.00 and has touched a high and low of Rs. 515.75 and Rs. 511.60 respectively. So far 10,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 525.80 on 13-Sep-2017 and a 52 week low of Rs. 261.05 on 22-Dec-2016.

Last one week high and low of the scrip stood at Rs. 525.80 and Rs. 500.00 respectively. The current market cap of the company is Rs. 20,579.00 crore.

The promoters holding in the company stood at 73.70%, while Institutions and Non-Institutions held 22.53% and 3.77% respectively.

Muthoot Finance has completed the acquisition of Muthoot Homefin (India) (MHIL) 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 Rs 38.72 crore from existing shareholders and has made a further investment by subscribing to 2,27,27,272 equity shares of nominal value of Rs 10 each at Rs 44 each, as approved by the Board at its meeting held on August 08, 2017.

Post investment, the company is holding 100% paid up share capital of MHIL which is Rs 97,72,72,720 consisting of 9,77,27,272 equity shares of Rs 10 each, and MHIL has become the wholly owned subsidiary of the company.

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 etc.

Muthoot Finance Share Price

3083.15 124.25 (4.20%)

03-Jul-2026 12:35 View Price Chart

Peers

Company Name	CMP
Bajaj Finance	1036.50
Shriram Finance	1073.70
Aditya Birla Capital	403.45
Chola Invest & Fin.	1798.50
Tata Capital	349.10
View more..

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