Muthoot FinCorp plans ₹4,000 crore IPO amid strong earnings
pre-market1 source ↓written by the desknot a recommendation
- raise
- ₹4,000 crore
Muthoot FinCorp Limited has approved a plan to raise up to ₹4,000 crore through an initial public offering (IPO) of fresh equity shares. The IPO follows a strong financial performance, with net profit rising to ₹1,848 crore in FY26 from ₹608 crore the previous year. The proposal awaits shareholder approval and regulatory clearances.
This move aims to strengthen the company's capital base and enhance growth prospects in the gold loan sector. 📈
Not investment advice. For informational purposes only.