Baring India, Matrix back Muthoot Finance
Baring Private Equity Partners India and Matrix Partners India have jointly committed some INR157 crore ($33.6 million) to Muthoot Finance Ltd., a leading Indian non-bank financial company, in its first institutional funding round.
Muthoot Finance specializes in loans collateralized with family gold, a popular form of financing in India, and has been in business for 123 years, with a network of 1,800 branches. The investment is for...
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