/ Muthoot Group Acquires Equity Shares Worth Rs 7.26 Crore From Shareholders ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Saturday, 31 December 2016


The Muthoot Group has informed the exchanges that it has acquired 1,728,571 equity shares of nominal value Rs 10 each at a total price of Rs 7.26 crore from existing shareholders. With this investment, the Company has increased its shareholding in the aforesaid subsidiary to 64.60% from existing shareholding of 57.16%.

Muthoot Finance Ltd ended at Rs 282.25, up by Rs 1.75 or 0.62% from its previous closing of Rs 280.5 on the BSE. The scrip opened at Rs 272.05 and touched a high and low of Rs 288.95 and Rs 272.05 respectively. A total of 271631(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 11274.64 crore.

The BSE group 'A' stock of face value Rs 10 touched a 52 week high of Rs 405.35 on 08-Aug-2016 and a 52 week low of Rs 170 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs 288.95 and Rs 263 respectively.

The promoters holding in the company stood at 74.63 % while Institutions and Non-Institutions held 21.35 % and 4.02 % respectively. The stock traded below its 100 DMA.
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