Muthoot Finance Limited — JV/Acquisition, 31-08-2026: Amalgamation/Merger

Muthoot Finance (MFIN) board approved the merger of its wholly-owned subsidiary, Muthoot Money (MML), into MFIN. This strategic move aims to simplify the group structure, enhance operational efficiency, and optimize costs by integrating MML's gold loan business. No new shares will be issued, meaning no change to MFIN's capital structure or shareholder dilution. The combined entity gains stronger synergies, a wider branch network, and a consolidated balance sheet. MML reported Rs. 1,294.13 Cr turnover and Rs. 10,344.92 Cr assets (Mar 2026). Merger is pending NCLT & RBI approvals.