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