| Muthoot Finance (MFIN), on Monday, announced that it has raised Rs 43 crore in the second round of institutional funding from Kotak India Private Equity Fund (KIPEF) for a minority stake in the company. | |
| This capital infusion will strengthen the company’s capital base, it said in a release here. During the first round of institutional funding, Muthoot raised Rs 157 crore from two leading PE namely Baring Private Equity Partners India and Matrix Partners India for a four per cent stake. Currently, MFIL has a gross loan book exceeding Rs 10,000 crore and more than 1,800 branches across the country. |
Source: Deccan Herald