Commenting on the results M G George Muthoot, Chairman stated "An economy where optimism is yet to become reality, Muthoot Finance could grow its loan portfolio by Rs 464 crores during the quarter and deliver good profits.
The Company has also announced that it is acquiring 100% equity shares of Muthoot Insurance Brokers Private Limited(MIBPL).
Shares of the gold finance company were seen trading at Rs 177, lower by 2.24 per cent on BSE at 9.38 am IST. It touched an intra-day low of Rs 175 dueing the trade.
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