Muthoot Finance raises Rs 43 cr via PE

The country’s largest gold financing firm Muthoot Finance today announced that it has raised Rs 43 crore in the second round of institutional funding from Kotak India Private Equity Fund (KIPEF) for a minority stake in the company.

During the first round of institutional funding, the company had raised Rs 157 crore from Baring Private Equity Partners India and Matrix Partners India for a 4 per cent stake.