Muthoot Capital gets shareholders nod for rights issue

Financial firm Muthoot Capital Services today said it has received the approval from its shareholders for the issue of share on rights basis.

Shareholders of the company have approved the issue of equities in the ratio of 1:1 that is one right share for each equity share held, Muthoot Capital Services said in a filing to the Bombay Stock Exchange (BSE).

The company would issue 65 lakh shares on rights basis, it added.

Shares of Muthoot Capital were trading at Rs 64.25, down 0.23 per cent in the late afternoon trade on the BSE.