Muthoot Finance (MFIN) has received board’s approval to acquire shares as well as subscribe to equity shares of Muthoot Money (MMPL) which will result in the change of management / control of MMPL. This was with the intention of further diversifying its business activities.
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.
