New Delhi: Muthoot Finance has raised its stake further in subsidiary firm Belstar Investment and Finance Pvt Ltd (BIFPL) to 64.60 per cent.
Earlier, company's stake was at 57.16 per cent in Belstar Investment and Finance.
"The company has further acquired 1,728,571 equity shares of nominal value of Rs 10 each at a total price of Rs 7.26 crore from existing shareholders," Muthoot Finance said in a regulatory filing.
BIFPL is a non-banking finance company (NBFC-MFI).
Shares of the company closed 0.62 per cent higher at Rs 282.25 on BSE.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
