Corporate Announcement
Security Code : 533398    Company : MUTHOOTFIN    
 
Announcement under Regulation 30 (LODR)-AcquisitionDownload PDF Download XBRL
  Exchange Received Time  22/11/2019 16:11:35         Exchange Disseminated Time   22/11/2019 16:11:38              Time Taken   00:00:03
Execution of the Share Purchase Agreement for the proposed Acquisition of IDBI Asset Management Limited and IDBI MF Trustee Company Limited

We wish to inform you that a share purchase agreement has been entered into by and between Muthoot Finance Limited, IDBI Bank Limited, IDBI Capital Markets & Securities Limited, IDBI Asset Management Limited and IDBI MF Trustee Company Limited in relation to the proposed acquisition by Muthoot Finance Limited of 100% equity shares of IDBI Asset Management Limited held by IDBI Bank Limited and its nominees and IDBI Capital Markets & Securities Limited, and 100 % equity shares of IDBI MF Trustee Company Limited held by IDBI Bank Limited and its nominees subject to receipt of necessary regulatory approvals from Securities and Exchange Board of India and other relevant regulators.
 

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