Muthoot Finance injects nearly $500 million into subsidiary Muthoot Money
Muthoot Finance Limited announced on August 28, 2025, the successful completion of an additional equity infusion into its wholly-owned subsidiary, Muthoot Money Limited. The board of directors of Muthoot Money Limited allotted 325,139 equity shares to Muthoot Finance Limited. This strategic move aims to strengthen the capital base and improve the capital adequacy ratio of the subsidiary, with funds earmarked for business funding, general corporate purposes, and repayment of existing loans.
The total consideration for the acquisition of these 325,139 equity shares stands at INR 4,99,99,87,542. Muthoot Money Limited operates as a non-banking financial company (NBFC) headquartered in Kerala and remains a wholly-owned subsidiary, meaning this equity infusion does not alter the overall shareholding structure.
Muthoot Money Limited has shown significant growth in turnover over the past three financial years: INR 4,299.43 million in 2024-25, INR 1,231.53 million in 2023-24, and INR 446.88 million in 2022-23. The transaction is categorized as an arm's length related-party transaction and is now complete.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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