India's Muthoot Microfin near 5-month high on getting agent licence from insurance regulator

Muthoot Microfin

25/06/2024 08:34

** Shares of non-bank financial company Muthoot Microfin  MUTO.NS  rise as
much as 6.2% to 257.98 rupees
    ** Stock hits highest since January 31
    ** MUTO on Tuesday said it got corporate agent licence from Insurance
Regulatory and Development Authority of India
    ** Licence will enable co to offer tailored insurance plans to customers
    ** Stock has gained in 11 of the 16 trading sessions in June
    ** Stock up 1.4% YTD, last up 4.1%

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))