Muthoot Finance has completed the acquisition of 2.05% equity stake in Belstar Microfinance (Subsidiary of the company), through off-market acquisition from the Promoters. The acquisition helps Muthoot Finance to increase its stake in Belstar Microfinance to 59.02% from the existing shareholding of 56.97%.
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.
