Muthoot Finance trades jubilantly on plan seek Banking License

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

01 Jul 2013 Evaluate

Muthoot Finance is currently trading at Rs. 107.90, up by 4.65 points or 4.50% from its previous closing of Rs. 103.25 on the BSE.

The scrip opened at Rs. 103.00 and has touched a high and low of Rs. 110.55 and Rs. 102.20 respectively. So far 129757 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 246.00 on 03-Jan-2013 and a 52 week low of Rs. 87.25 on 26-Jun-2013.

Last one week high and low of the scrip stood at Rs. 113.50 and Rs. 87.25 respectively. The current market cap of the company is Rs. 4021.93 crore.

The promoters holding in the company stood at 80.12%, while Institutions and Non-Institutions held 10.10% and 9.78% respectively.

Muthoot Finance has received an approval from its board for filing of application in order to obtain a banking license pursuant to the Guidelines for Licensing of New Banks in the Private Sector dated February 22, 2013 issued by the Reserve Bank of India (RBI) to promote a bank which will be newly incorporated as a public company. The board of directors of the company at its meeting held on June 30, 2013 has approved for the same.

The board also noted that if the promoters are granted an in-principle approval under the Guidelines to promote a bank, the shareholding structure and business of the company is required to be restructured in compliance with the Guidelines within 18 months from the date of grant of in-principle approval.

Muthoot Finance is a non-deposit taking systemically important non-banking finance company (NBFC). It is primarily in the business of lending against used household gold jewellery to individuals.

Muthoot Finance Share Price

3536.70 93.30 (2.71%)

06-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Finance	980.65
Shriram Finance	1004.00
Aditya Birla Capital	369.25
Chola Invest & Fin.	1710.95
Tata Capital	328.45
View more..

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