Earlier, company's stake was at 57.16 per cent in Belstar Investment and Finance.
"The company has further acquired 1,728,571 equity shares of nominal value of Rs 10 each at a total price of Rs 7.26 crore from existing shareholders," Muthoot Finance said in a regulatory filing.
BIFPL is a non-banking finance company (NBFC-MFI).
Shares of the company closed 0.62 per cent higher at Rs 282.25 on BSE.
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