Shares of Muthoot Finance fall after chairman's death
George Muthoot took charge as chairman in 1993, overseeing its expansion into more than 4,500 branches across the country and growing its market capital nearly eight folds in the past decade
Reuters
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Bangalore
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Published 09.03.21, 02:19 AM
Shares of Indian non-banking financial firm Muthoot Finance Ltd fell the most in nearly two months on Monday, after group chairman M.G. George Muthoot died over the weekend, with media reports saying he fell from his fourth floor house in New Delhi.
On the BSE, the stock opened sharply lower at Rs 1,205 and later recovered to touch an intra-day high of Rs 1,271 before closing at Rs 1,259.90, down Rs 29.85, or 2.31 per cent, against the previous close of Rs 1289.75.