Tuesday, 14 February 2017

Muthoot Finance to make additional investment in MHIL

Leading finance company, Muthoot Finance Ltd has informed in a filing to the Bombay Stock Exchange that the Board of Directors of the Company in its meeting held on February 13, 2017, have decided to make an additional investment in M/s. Muthoot Homefin (India) Limited (MHIL), Subsidiary Company by way of purchase of 17,00,000 equity shares of face value Rs. 10/- each at a price of Rs. 11.37/- per share aggregating to Rs. 1.93 Crs approximately from an existing shareholder.

Post the investment, Muthoot Finance Ltd. will have 88.27 per cent shareholding in MHIL. Meanwhile, shares of the company were trading at Rs 334.80 apiece, up 1.92 per cent from the previous close at 09:30 hours on BSE.

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