Muthoot Finance raises 1.57 bln rupees from PE funds
MUMBAI, July 29
MUMBAI, July 29 (Reuters) - Non-banking finance firm Muthoot Finance Ltd said on Thursday it has raised 1.57 billion rupees from Baring Private Equity Partners India and Matrix Partners India for a minority stake in the firm.
Muthoot Finance is part of Muthoot Group, which runs Muthoot Capital Services (MUTH.BO).
(Reporting by Kaustubh Kulkarni; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
Trending On Reuters
The government plans to raise about 891.2 billion rupees ($14.4 billion) by reducing its stakes in state-run banks to 52 percent, the junior finance minister said on Friday, sending shares of state lenders higher. Full Article