Muthoot Finance is going to acquire the remaining 11.73 percent stake in Muthoot Homefin (India) Ltd at an aggregate price of Rs 38.72 crore and is also going to infuse Rs 100 crore into the company as equity share capital.

Muthoot Home Finance, with this acquisition, is going to become a wholly owned subsidiary.

Muthoot Finance has posted a 30 percent growth in net profit at Rs 351 crore during the first quarter of fiscal 2018 as compared to Rs 270 crore in the year ago period.

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