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Muthoot Finance declares interim dividend of Rs 20/share; stock rises 4%

Last month, rating agency Icra had upgraded ratings on the company's long-term debt facilities from 'AA(Stable)' to 'AA+(Stable)'

The company is now valued at $7 billion, a size that may spur MSCI to include the stock in its gauge at the quarterly review due in August
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SI Reporter New Delhi
Shares of Muthoot Finance gained 4 per cent at Rs 1,206.40 on the BSE on Tuesday after the company's board of directors approved payment of an interim dividend of Rs 20 per equity share..

Shareholders, who are entitled as on close of business hours on April 23, 2021, would be entitled to receive the interim dividend, the company said. The interim dividend will be paid to the shareholders within 30 days from the date of declaration, it said, in a filing to stock exchanges. READ THE EXCHANGE FILING HERE

At 9:56 AM, the gold loan financier's stock was trading