By Reuters Staff
2 Min Read
BENGALURU (Reuters) - 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.
The financier, grandson of the gold financing company’s founding chairman, is credited with growing the company into a pan-India name and scaling its presence beyond the southern state of Kerala, where it is headquartered.
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.
Muthoot Finance Shares Drop After Chairman MG George Muthoot Reportedly Fell To Death In Delhi ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.
Indian shares ended flat on Monday, as losses in top non-banking finance company HDFC countered gains in information technology and energy stocks, while top gold financing company Muthoot Finance fell after the death of its chairman.
Shares of India s Muthoot Finance drop after chairman s death reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Indian shares rise as energy stocks jump; Muthoot Finance falls reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.