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16-Nov2012

Muthoot Finance shines on inking pact with PFRDA

Muthoot Finance is currently trading at Rs. 221.70, up by 1.90 points or 0.86% from its previous closing of Rs. 219.80 on the BSE.

The scrip opened at Rs. 222.85 and has touched a high and low of Rs. 227.95 and Rs. 221.25 respectively. So far 69608 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 231.00 on 13-Nov-2012 and a 52 week low of Rs. 105.70 on 25-May-2012.

Last one week high and low of the scrip stood at Rs. 231.00 and Rs. 188.95 respectively. The current market cap of the company is Rs. 8289.19 crore.

The promoters holding in the company stood at 80.12% while Institutions and Non-Institutions held 10.19% and 9.69% respectively.

Gold loan company, Muthoot Finance has inked pact with the Pension Fund Regulatory and Development Authority (PFRDA) to offer the National Pension Scheme (NPS). After this tie up, Muthoot Finance becomes the only NBFC in Kerala to be approved by the PFRDA to act as a service provider for the pension plan.

With company's pan-India network of close to 4,000 branches in both urban as well rural areas, it aims to ensure that the benefit of this pension scheme reaches the maximum number of Indians. The salient features of the scheme are that it is open to all citizens between the ages of 18-60 years.


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