Muthoot Finance Limited has informed the Exchange about Acquisition
MUTHOOTFIN · price
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Muthoot Finance Limited has completed the allotment of 3,25,139 equity shares in its wholly owned subsidiary Muthoot Money Limited for a total cash consideration of about Rs. 50 crore. The funds will be used to strengthen the capital base, improve the capital adequacy ratio, fund business growth, meet general corporate purposes, and repay existing loans. Muthoot Money is an NBFC based in Kerala and remains a 100% subsidiary, so there is no change in shareholding or control. The subsidiary's turnover has grown sharply from Rs. 447 million in FY23 to Rs. 4,299 million in FY25, reflecting rapid business expansion.
This is a routine capital infusion into an already wholly owned subsidiary and does not change ownership or control. It supports the growth of Muthoot Money's lending business but is unlikely to have a material impact on Muthoot Finance's stock price, as the amount is small relative to the parent's size.