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PE investors vie for Muthoot Microfin pie

Muthoot Microfin, a subsidiary of Kerala-based non-banking finance firm Muthoot Fincorp, is in talks with private equity investors including Baring Private Equity Asia and funds like Renuka Ramnath’s Multiples to raise as much as Rs 325 crore ($50 million) to expand its business in northern India, people with knowledge of [...]
October 26, 2017

Muthoot Pappachan Group Plans Ipo For Mfi Arm

Kerala-based Muthoot Microfin, a subsidiary of the gold loan player Muthoot Fincorp, is planning an IPO in 2019. The company said the IPO will to support expansion of our microfin business we are preparing ourselves for an IPO. As of Tuesday the company is the fourth largest MFI. As part [...]
October 26, 2017

Muthoot Microfin plans to raise $50 m via PE

Muthoot Microfin (MML), a subsidiary of Muthoot Fincorp, intends to raise $50 million equity from PE investors for its micro finance business. The company, in December last year, had raised $20 million from Chicago-based PE firm Creation Investment LLC. Further, to fund its expansion and to maintain the growth momentum, [...]
October 26, 2017

Muthoot Pappachan Group plans IPO for Muthoot Microfin

Mumbai: Kerala-based Muthoot Microfin, a subsidiary of the gold loan player Muthoot Fincorp, is planning an IPO in 2019. The company said the IPO will to support expansion of our microfin business we are preparing ourselves for an IPO. As of today we are the fourth largest MFI. As part of [...]
October 26, 2017
Muthoot Microfin