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Muthoot Finance to merge with Muthoot Money, streamlining operations and boosting assets
31-Aug-2026, 03:51
Muthoot Finance Limited announced that its board of directors has approved a scheme of amalgamation with its wholly-owned subsidiary, Muthoot Money Limited, under Sections 230 to 232 of the Companies Act, 2013. The consolidation strategy aims to simplify the group structure and unlock operational, financial, and administrative efficiencies, with the combined entity having over 5,000 branches and total assets of Rs 1,79,944.55 crore as of March 31, 2026. The scheme is subject to approval from the National Company Law Tribunal, Kochi Bench, the Reserve Bank of India, shareholders, and creditors, and will be filed with the BSE Limited and the National Stock Exchange of India Limited.