Total investment by the company is approximately Rs 110 crore in equity share capital of the MMPL. Post investment, the company is holding 100% paid up equity share capital of MMPL which is Rs 6,21,70,000 consisting of 62,170 equity shares of Rs 1,000 each, and MMPL has become the wholly owned subsidiary of Muthoot Finance.
Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
