Consequent upon the pre-payment of the external commercial borrowings, the company has initiated steps for cancellation of the senior secured notes issued by the company under the global medium term note (GMTN) programme and listed on the international securities market of the London Stock Exchange.

On 28 March 2023, the board of Muthoot Finance had approved the pre-payment of external commercial borrowings of $550 million due on 02 September 2023 raised by the company under the GMTN programme.

Muthoot Finance is the flagship company of the Kerala-based business house, The Muthoot Group, which has diversified operations in financial services, healthcare, education and hospitality. It is India's largest gold loan focused NBFC.

The company's standalone net profit slipped 12.4% to Rs 901.65 crore on 7.1% decrease in total income to Rs 2,667.10 crore in Q3 FY23 over Q3 FY22.

The scrip had advanced 0.98% to end t Rs 1033.75 on the BSE yesterday.