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The Economic Times
The Economic Times

Muthoot FinCorp to dilute minimum 10% stake in IPO: CEO Shaji Varghese

Muthoot FinCorp IPO Gold NBFC

Gold loan-focused non-banking finance company (NBFC) Muthoot FinCorp is likely to dilute a minimum 10 per cent stake in its proposed initial public offering (IPO), while proceeds from the issue will be used to support growth, a top official of the company said.

The board of Muthoot FinCorp on Saturday approved raising up to Rs 4,000 crore through an IPO comprising a fresh issue of equity shares, subject to regulatory approvals and market conditions.

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