Muthoot Finance raises 1.57 bln rupees from PE funds

MUMBAI, July 29 Thu Jul 29, 2010 2:22pm IST



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)

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