Muthoot Microfin IPO offers access to microfinance activities at a reasonable valuation
Muthoot Microfin, which provides income generating loans to joint liability groups, plans to raise Rs 760 crore through a fresh issue of equity to augment the capital base and another Rs 200 crore through an offer for sale. The promoter group’s stake will drop to 55.5% after the IPO from 69%. The company is the … Read more