Merger31 Aug 2026, 03:20 pm
Muthoot Finance Approves Amalgamation Scheme with Subsidiary
AI Summary
Muthoot Finance Limited's Board of Directors has approved a scheme of amalgamation with its wholly-owned subsidiary, Muthoot Money Limited. The scheme is subject to approvals from the National Company Law Tribunal (NCLT), Reserve Bank of India, shareholders, and creditors. The amalgamation aims to streamline operations, with both entities primarily engaged in providing gold loans. Muthoot Finance reported total assets of ₹1,79,944.55 Crs and turnover of ₹27,599.87 Crs as of March 31, 2026. Muthoot Money had total assets of ₹10,344.92 Crs and turnover of ₹1,294.13 Crs.
Key Highlights
- Board approves amalgamation scheme with wholly-owned subsidiary, Muthoot Money Limited.
- Scheme requires sanction from NCLT, RBI, shareholders, and creditors.
- Both companies are primarily engaged in the gold loan business.
- Muthoot Finance has significant assets and turnover as of March 31, 2026.
Price Impact
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