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Muthoot Finance raises INR 43 crores via PE

Mumbai, India, August 24, 2010 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. About Muthoot Finance Limited: The Company is promoted by four brothers Mr. M.G. George Muthoot, Mr. George Alexander Muthoot, Mr. George Thomas Muthoot and Mr. George Jacob Muthoot collectively operating under the brand name of ‘The Muthoot Group’. The group is in the Gold Loan business for the last seven decades and in 2001 registered MFIN as an NBFC with RBI. MFINs specialised end-to-end credit processes, from appraisal to disbursement, the experience of the promoters’ in the business of financing against gold jewellery and the company’s strong brand image and wide network have enabled the company to significantly scale up its operations over the last several years. Further information is available at www.muthootgroup.com

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