Read more about Muthoot Finance soars 17% in two days, hits new high on strong Q4 results on Business Standard. Despite a 10-12 per cent decline in gold prices, Muthooth Finance managed to grow the loan book by 4 per cent quarter-on-quarter
NEW DELHI:
Muthoot Finance shares plunged 7 per cent on Monday after the NBFC s chairman, MG George Muthoot, passed away on Friday evening by falling from the fourth floor of his house.
Muthoot was largely credited for making Muthoot Finance a pan-India company, and the largest gold loan NBFC.
Following the development, the scrip fell 6.57 per cent to hit a low of Rs 1,205 on BSE.
Police received information on Friday at 9:21 pm regarding the admission of MG George Muthoot at a hospital after he fell from the fourth floor of the house, and was later declared dead, a senior officer said.
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Mphasis: Negotiations between Blackstone Group and Carlyle for the biggest technology takeover in India have hit a bump as Mphasis share price continues to soar, people involved in the matter said.
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Muthoot Finance share price declined as much as 6.57 per cent in opening deals to hit low of Rs 1,205 as investors reacted to sudden demise of MG George Muthoot, the chairman of the company