Mufin Group Acquires Majority Stake in LKP Finance Limited with Net-Worth of 370 Cr in an All-Cash Deal

In a bid to strengthen its net worth, Mufin Group has acquired LKP Finance in an all-cash deal, resulting in the group’s net worth increasing by INR 370 crore. By leveraging LKP Finance’s capital base alongside Mufin’s expertise in lending, we will be able to expand rapidly after this acquisition.

Kapil Garg, Managing Director of Mufin Group, commented on the acquisition:

“This acquisition is a pivotal step in our journey to scale and transform our business. By leveraging LKP Finance’s capital base alongside Mufin’s expertise in lending, we will drive financial inclusion, enhance liquidity, and introduce cutting-edge financial products. Our vision is to empower businesses and individuals with seamless access to credit, fuelling sustainable economic growth.”

With this strategic acquisition, Mufin Group aims to strengthen its financial position and diversify its lending portfolio. The deal is expected to boost the group’s ability to offer customised financial products across various sectors, particularly MSMEs, electric vehicle financing, and sustainable energy initiatives.

The acquisition of LKP Finance marks a significant milestone in Mufin Group’s expansion strategy, enabling us to establish a strong foothold in the Western India market. With LKP’s deep-rooted presence and legacy in the financial sector, this move enhances our reach and strengthens our market positioning. Leveraging LKP’s established network and credibility, we aim to scale our lending operations, drive sustainable growth, and further our vision of financial inclusion across key regions.

With this investment, Mufin Group is set to expand its capital base by ₹370 crore, accelerating its mission to provide innovative and accessible financial solutions. LKP Finance, a well-established NBFC, brings valuable capital strength and industry experience to the table.

Market experts believe this acquisition will positively impact Mufin Group’s financial stability and lending capabilities. It will also strengthen investor confidence, positioning the group as a key player in the NBFC sector.

About Mufin Group

Mufin Group is a leading financial services provider committed to offering innovative and inclusive lending solutions. The company specialises in financing electric vehicles, MSMEs, and sustainable energy projects. With a strong presence across India, Mufin Group aims to drive financial inclusion and economic growth by providing accessible credit solutions.

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