Muthoot Microfin Ltd., part of the Muthoot Pappachan Group, on Tuesday debuted on the stock exchanges at a discount. On the BSE, the stock got listed at ₹278 a share, a discount of 4.67% to the issue price of ₹291.
The share slid further to close at ₹266.20, down 4.24% from the listing price and 8.52% from the issue price. With this, the market capitalisation of the company was estimated at ₹4,538.50 crore.
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