Gold loan lender Muthoot FinCorp files for $314 mn IPO

•Muthoot FinCorp, an Indian non-banking financial company, filed for a $314.59 million IPO in Mumbai.

•The IPO consists of a fresh issue of shares, with up to 6 billion rupees reserved for pre-IPO placement.

•Funds will be used to strengthen Tier I capital, fuel business growth, and expand digital platforms.

•The company operates over 3,800 branches in India and reported a 31.8% revenue increase for the year ended March 31.