Muthoot Finance is currently trading at Rs. 445.50, up by 11.15 points or 2.57% from its previous closing of Rs. 434.35 on the BSE.
The scrip opened at Rs. 430.40 and has touched a high and low of Rs. 448.45 and Rs. 420.35 respectively. So far 20752 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 489.00 on 08-Aug-2017 and a 52 week low of Rs. 261.05 on 22-Dec-2016.
Last one week high and low of the scrip stood at Rs. 489.00 and Rs. 414.90 respectively. The current market cap of the company is Rs. 17700.80 crore.
The promoters holding in the company stood at 73.70%, while institutions and non-institutions held 22.53% and 3.77% respectively.
Muthoot Finance has received an approval to make an additional investment in Muthoot Homefin (India) (MHIL), a subsidiary company by way of purchase of 88,00,000 equity shares of face value Rs 10 each at a price of Rs 44 per share aggregating to around Rs 38.72 crore from existing shareholders and fresh capital infusion of Rs 100 crore by subscribing to 2,27,27,272 equity shares of face value of Rs 10 each at a price of Rs 44 each. Post investment, MHIL will become wholly owned subsidiary of Muthoot Finance. The board of directors at its meeting held on August 8, 2017 has approved for the same.
Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The Company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking, home loans, personal loans, collection services, microfinance, windmill power generation, white label automated teller machine, instant money transfer services and domestic money transfer services.
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