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Muthoot Finance is the country's largest gold loan company, with Rs 1.80 lakh crore in assets under management. Muthoot Money is also primarily a gold loan lender, with Rs 10,345 crore in AUM. Also Read: Higher funding costs, rising competition may weigh on Muthoot Finance The board of Muthoot Finance, an upper-layer non-banking finance company, approved the merger at its meeting on Monday. The amalgamation would consolidate the operations and business and create a larger gold loan business with enhanced operating synergies, improved utilisation of resources, streamlined workflows and greater operational efficiencies, Muthoot said in a regulatory filing with the stock exchanges. The amalgamation would also simplify the management structure and optimise costs through the consolidation of office locations and infrastructure and the integration of systems and processes, it added. The proposal is subject to approvals from the Reserve Bank of India, the National Company Law Tribunal and the company's shareholders. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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