Mumbai, Dec. 31 -- The subsidiary has allotted 3,25,139 equity shares to Muthoot Finance. This capital infusion is intended to strengthen Muthoot Money's capital base and improve its capital adequacy ratio. The funds raised through the rights issue will be utilized for funding the business, general corporate purposes and for repayment of existing loans.

Muthoot Finance provides gold loans secured against gold jewellery, helping individuals and small businesses access essential short-term liquidity. Additionally, through its subsidiaries, the company offers a range of financial services, including personal and business loans, insurance distribution, and money transfer services.

The company's consolidated net profit jumped 90.4% to Rs 2,4...