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Mufin Group Acquires LKP Finance to Strengthen Market Presence in Western India

Mufin Group has acquired a majority stake in LKP Finance in an all-cash deal, adding INR 370 crore to its net worth. The acquisition is a strategic move to establish a strong foothold in Western India, leveraging LKP Finance’s established market presence and capital strength.

Key Highlights:

• Acquirer: Mufin Group
• Target: LKP Finance (NBFC)
• Deal Type: All-cash acquisition
• Net Worth Impact: Increases Mufin Group’s net worth by INR 370 crore
• Strategic Intent:
  • Expand lending operations
  • Strengthen financial inclusion initiatives
  • Enhance liquidity and introduce new financial products

Kapil Garg, Managing Director of Mufin Group, stated that this acquisition is a pivotal step in scaling and transforming the business. By combining LKP’s capital base with Mufin’s lending expertise, the group aims to accelerate growth, drive sustainable economic development, and enhance access to credit for businesses and individuals.

LKP Finance, a well-established NBFC, brings valuable capital strength and industry experience to the table. The acquisition aligns with Mufin Group’s mission to provide innovative and accessible financial solutions, further solidifying its position in the NBFC sector.