Investment30 Dec 2025, 05:04 pm
Muthoot Finance Infuses Additional Equity in Muthoot Money Limited to Strengthen Capital Base
AI Summary
Muthoot Finance Limited, a part of The Muthoot Group, has infused additional equity in its wholly owned subsidiary, Muthoot Money Limited, to strengthen the capital base and improve the capital adequacy ratio. The Board of Directors of Muthoot Money Limited completed the allotment of 3,25,139 equity shares to Muthoot Finance Limited. The funds raised through the rights issue will be utilized for funding the business, general corporate purposes and for repayment of existing loans. Muthoot Money Limited is a Non-Banking Financial Company based in Kerala, India, with a turnover of 4,299.43 million Rs. in 2024-25, 1,231.53 million Rs. in 2023-24, and 446.88 million Rs. in 2022-23.
Key Highlights
- Muthoot Finance infuses additional equity in its subsidiary, Muthoot Money Limited.
- The investment aims to strengthen the capital base and improve the capital adequacy ratio.
- The allotment of 3,25,139 equity shares to Muthoot Finance Limited has been completed.
- Funds raised through the rights issue will be used for business funding, general corporate purposes, and loan repayment.
- Muthoot Money Limited is a Non-Banking Financial Company with a significant presence in Kerala, India.