Please verify veracity
Muthoot Finance Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on July 18, 2020 inter-alia, to transact the following items:
1.To consider and approve the proposal for sub-division / stock split of equity shares of the Company, subject to the approval of shareholders of the Company; and
2. To seek approval of shareholders for increase the borrowing powers of the Board of Directors of the Company from existing Rs. 50,000 crores to Rs. 75,000 crores. VERY BIG BORROWING