"The company has completed the acquisition of Muthoot Homefin (India) Ltd (MHIL) by way of purchase of 88 lakh equity shares at a price of Rs 44 per share aggregating to Rs 38.72 crore from existing shareholders and has made a further investment by subscribing to 2,27,27,272 equity shares," it said in a regulatory filing.
Post the investment, now it holds 100 per cent paid up share of MHIL, which is now its wholly owned subsidiary.
Muthoot Finance stock closed 1.12 per cent up at Rs 511.35 on BSE today.
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