Monday, June 2, 2014

Singapore Govt picks up 1.06% in Muthoot Finance

The Government of Singapore has picked up a 1.06 per cent stake in gold loan company Muthoot Finance Ltd (MFL). This share purchase transaction was part of the recent institutional placement programme by the company raising ₹418 crore.
The stake purchase has been done through GIC, which is the fund manager of the sovereign wealth fund set up by the Singapore Government in 1981, sources close to the development said.
The Government of Singapore now owns 42.06 lakh shares of Muthoot Finance, the latest filing by the company with the BSE showed.
The other investors under the public category who hold investments of more than 1 per cent are Birla Mutual Fund, Wellcome Trust London, Baring India Private Equity Fund, Allard Growth Fund and Matrix Partners India.

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