NSEAcquisition9 Sept 2026 · 9 Sept 2026, 06:09 pm
Acquisition
Muthoot Finance Limited · MUTHOOTFIN
✦ AI SummaryM&A
Muthoot Finance Limited has informed the Exchange about the acquisition of 32,930,464 Ordinary Voting Shares in Asia Asset Finance PLC at a price of LKR 33.30 per share, aggregating to LKR 1,09,65,84,451 (approximately ₹31,80,09,491 / INR 31.80 Crores).
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Muthoot Finance Limited has informed the Exchange about Acquisition
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MUTHOOTFIN_09092026180915_MFIN_Reg_30_AAF_Right_issue_SD.pdf
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Ref: SEC/MFL/SE/2026/6741
September 09, 2026
Department of Corporate Services
National Stock Exchange of India Ltd.
BSE Limited
Exchange Plaza, Plot No. C/1, G Block, Bandra -
P.J. Tower, Dalal Street,
Kurla Complex, Bandra (E), Mumbai - 400 051
Mumbai - 400 001
Symbol: MUTHOOTFIN
Scrip Code: 533398
NSE IFSC Limited (NSE IX)
Unit 1201, Brigade, International Financial
Center, 12th Floor, Building No. 14-A, GIFT SEZ
Gandhinagar,
Gujarat 382 355
Dear Sir/Madam,
Sub: Disclosure under Regulation 30, read with Part A of Schedule III, and other
applicable regulations of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended (the
“Listing Regulations”)
Re: Infusion of Additional Equity in Asia Asset Finance PLC
At the meeting of the Board of Directors of Muthoot Finance Limited held on, August 01, 2026, the
Board has approved the subscription of 3,29,30,464 Ordinary Voting Shares in the Rights Issue of its
subsidiary, Asia Asset Finance PLC, at a price of LKR 33.30 per share, aggregating to LKR
1,09,65,84,451 (approximately ₹31,80,09,491 / INR 31.80 Crores) and Asia Asset Finance PLC has
completed the allotment of 3,29,30,464 Ordinary Voting Shares to Muthoot Finance Limited on
September 08, 2026.
Details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 is given in
Annexure A
For Muthoot Finance Limited
Rajesh A
Company Secretary
ICSI Membership No. FCS 7106
Annexure A
a. Name of the Target Entity Asia Asset Finance PLC
Website: https://www.asiaassetfinance.com
b. Whether the acquisition would fall Asia Asset Finance PLC is a listed Sri Lankan
within related party transaction(s) and subsidiary of Muthoot Finance Limited.
whether the promoter/ promoter group/
group companies have any interest in the Some of the Directors of Muthoot Finance Limited
entity being acquired? If yes, nature of are directors on the Board of Muthoot Money
interest and details thereof and whether Limited.
the same is done at “arm’s
length”;
c. Industry to which the entity being Licensed Financed Company
acquired belongs;
Objects and impact of acquisition To increase capital structure of the Subsidiary
(including but not limited to, disclosure
d. of reasons for acquisition of target entity,
if its business is outside the main line of
business of the listed entity);
Brief details of any governmental or Central Bank and Colombo stock exchange
e. regulatory approvals required for the approvals were obtained in Sri Lanka
acquisition;
Indicative time period for completion of N A
the acquisition;
Consideration - whether cash Cash
g. consideration or share swap or any other
form and details of the same;
LKR 33.30 per share, aggregating to LKR
h. Cost of acquisition and/or the price at 1,09,65,84,451 (approximately ₹31,80,09,491 /
which the shares are acquired; INR 31.80 Crores)
Percentage of shareholding / control
i. 32,930,464
acquired and / or number of shares
acquired;
j. Brief background about the entity Asia Asset Finance PLC (AAF) is a listed Sri Lankan
acquired in terms of products/line of subsidiary of Muthoot Finance Limited (India), which
business acquired, date of incorporation, now holds 72.92% of the Company. The Company
history of last 3 years turnover, country operates as a purely domestic (Sri Lanka) branch-led
in which the acquired entity has presence model, with no cross-border operations.
and any other significant information (in
brief); AAF is a Licensed Finance Company incorporated in
Sri Lanka on 29 December 1968, under the Companies
Act No. 51 of 1938 (Registration No. PB 139 PQ); re-
registered under the Companies Act No. 07 of 2007.
AAF Holds a Fitch national rating of A+(lka) with a
Stable outlook.
Financial Year Total Income Profit After Tax
(Turnover)
FY 2023/24 Rs. 6,574 Mn Rs. 344 Mn
FY 2024/25 Rs. 6,901 Mn Rs. 441 Mn
FY 2025/26 Rs. 10,219 Mn Rs. 1,038 Mn