Muthoot Finance Sees Rs. 104.30 Crore Block Trade on NSE

1 min read     Updated on 04 Aug 2025, 12:47 PM
scanxBy ScanX News Team
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Overview

Muthoot Finance Ltd. experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 395,748 shares at Rs. 2,635.50 per share, totaling Rs. 104.30 crore. This block trade indicates continued interest in Muthoot Finance's stock among large investors and institutions.

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*this image is generated using AI for illustrative purposes only.

Muthoot Finance Ltd. , a prominent player in the Indian financial services sector, recently witnessed a significant block trade on the National Stock Exchange (NSE). The transaction, valued at Rs. 104.30 crore, has caught the attention of market observers and investors alike.

Block Trade Details

The block trade involved approximately 395,748 shares of Muthoot Finance, which were transacted at a price of Rs. 2,635.50 per share. This substantial trade underscores the continued interest in the company's stock among institutional investors and large traders.

Market Implications

Block trades of this magnitude often indicate strategic moves by large investors or institutions. While the identities of the buyers and sellers remain undisclosed, such transactions can sometimes signal shifts in investor sentiment or portfolio reallocations.

About Muthoot Finance

Muthoot Finance Ltd. is one of India's largest gold financing companies, known for its gold loan products. The company has a strong presence across the country and has been a key player in the non-banking financial company (NBFC) sector.

This block trade comes at a time when the financial services sector in India is experiencing dynamic changes and increased scrutiny from regulators and investors alike. Market participants will be keen to observe any potential impact this transaction might have on Muthoot Finance's stock performance in the coming days.

Historical Stock Returns for Muthoot Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+2.82%+0.67%+0.11%+19.06%+46.14%+107.29%
Muthoot Finance
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Muthoot Finance Appoints Thomas Kokkoth as Chief Risk Officer, Announces Key Board Decisions

1 min read     Updated on 28 Jul 2025, 06:42 PM
scanxBy ScanX News Team
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Overview

Muthoot Finance has appointed Thomas Kokkoth as Chief Risk Officer for a three-year term starting August 6, 2025. Kokkoth brings over 43 years of banking experience. The Board also scheduled the 28th AGM for August 30, 2025, proposed increasing board size to 16 directors, and seeks approval for several appointments and re-appointments including K V Eapen as Independent Director and Alexander George as Whole Time Director.

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*this image is generated using AI for illustrative purposes only.

Muthoot Finance Limited, a leading non-banking financial company, has made significant announcements following its Board of Directors meeting held on July 28, 2025. The company has appointed Thomas Kokkoth as its new Chief Risk Officer and made several other important decisions.

New Chief Risk Officer Appointment

The Board of Directors has approved the appointment of Thomas Kokkoth as the Chief Risk Officer (CRO) of Muthoot Finance for a three-year term, effective August 6, 2025. This appointment aligns with the Reserve Bank of India's notification for NBFCs dated May 16, 2019, regarding the appointment of CROs.

Thomas Kokkoth's Professional Background

Thomas Kokkoth brings a wealth of experience to his new role:

  • Over 43 years of banking experience with Federal Bank Limited (January 1978 to November 2021)
  • Served as Internal Ombudsman at Muthoot Finance since May 2022
  • 11 years in senior management roles, including positions as Deputy General Manager, Assistant General Manager, and Chief Manager
  • Extensive experience in compliance risk assurance, asset portfolio management, and regional office leadership

Kokkoth's expertise includes:

  • Heading the Compliance Risk Assurance Department at Federal Bank
  • Managing asset portfolios and recovery management
  • Leading high-value business branches
  • Implementing priority banking concepts
  • Participating in global depository receipt issuance
  • Authoring recovery policies

Additional Board Decisions

The Board meeting, which lasted from 2:00 PM to 4:00 PM (IST) on July 28, 2025, also resulted in several other key decisions:

  1. Scheduling of the 28th Annual General Meeting (AGM) through video conferencing on August 30, 2025
  2. Proposing to increase the number of directors on the Board to 16, subject to shareholder approval
  3. Seeking shareholder approval for the following appointments and re-appointments:
    • Mr. K V Eapen as an Independent Director
    • KSR & Co, Company Secretaries LLP as the Secretarial Auditors
    • Mr. Chamacheril Abraham Mohan for a second consecutive term of 5 years as an Independent Director
    • Mr. Alexander George for a 5-year term as Whole Time Director

These announcements reflect Muthoot Finance's commitment to strengthening its leadership team and corporate governance structure. The appointment of Thomas Kokkoth as CRO, with his extensive banking experience, is expected to enhance the company's risk management capabilities in the evolving financial landscape.

Historical Stock Returns for Muthoot Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+2.82%+0.67%+0.11%+19.06%+46.14%+107.29%
Muthoot Finance
View in Depthredirect
like17
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