Muthoot Microfin Plans to Acquire Loan Against Property Firm
KOLKATA: Muthoot Microfin is currently in talks with two non-banking financial companies (NBFCs) in the micro loan against property (LAP) sector to acquire a majority stake, aiming for inorganic growth and expanding its secured lending portfolio, according to sources familiar with the matter. The firm recently entered the micro LAP business as part of a strategy to diversify its product offerings, helping to alleviate its reliance on unsecured microfinance. The inorganic growth would provide Muthoot Microfin with a robust foundation for expanding its micro LAP operations. “Muthoot Microfin is considering a majority stake acquisition that would enable it to gain…
