Muthoot Finance Infuses Additional Equity in Subsidiary Muthoot Homefin (India) Limited

Muthoot Finance Limited, a leading NBFC, has infused additional equity in its wholly owned subsidiary, Muthoot Homefin (India) Limited, a Housing Finance Company. The Board of Directors of Muthoot Homefin (India) Limited completed the allotment of 2,66,66,666 equity shares to Muthoot Finance Limited. This infusion aims to strengthen the capital base and improve the capital adequacy ratio of Muthoot Homefin (India) 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 Homefin (India) Limited is based in Kerala, India, and its last 3 years' turnover is 3263.32 million, 1988.85 million, and 1388.44 million respectively for the financial years 2024-25, 2023-24, and 2022-23.