Muthoot Microfin: Promoter Group Restructures Shareholding into Trusts

Muthoot Microfin Ltd has disclosed a significant restructuring of shareholding involving promoter and promoter group entities. In Phase I, shares of Muthoot Fincorp Limited (MFL) were transferred via gift to spouses: Mrs. Preethi John Muthoot, Mrs. Nina George, and Mrs. Remmy Thomas, altering their individual shareholding percentages. Subsequently, in Phase II, these individuals and their spouses, acting as Settlors, transferred a substantial block of 65,28,72,800 MFL equity shares (66.76% of MFL's equity) into various trusts. This entire transaction is pursuant to a SEBI exemption order. Importantly, the disclosure clarifies that there is no change in the total shareholding of the promoter and promoter group in Muthoot Microfin Limited (MML).