Muthoot may opt for IPO route

Nov 17, 2010 |

Correspondent

Muthoot Finance, a leading player in the loan-against-gold segment, plans to hit the market in January 2011 to raise `2,000 crore. The company will take the IPO route to sell 14 per cent stake of the company. “The IPO plan is only to meet the capital adequacy ratio norms outlined by the Reserve Bank of India,” said the managing director, Mr George Alexander Muthoot.

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