Muthoot Fincorp appoints four lead managers for IPO

In a significant move, Muthoot Fincorp has engaged lead managers to facilitate its upcoming ₹3,000-crore initial public offering. The draft prospectus is set to be filed with Sebi this week, with the goal of fortifying the lender's capital backbone and fostering business development. Muthoot's strategy includes broadening its reach into rural and semi-urban markets, alongside solidifying its presence in tier-II and tier-III cities.