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Crisil's '4 on 5' rating for Muthoot Finance IPO
Muthoot Finance Ltd (MFL), which proposes to launch an Initial Public Offering (IPO) soon, has received a rating of 'four on five' from Crisil Equities and 'IPO Grade 4' from Icra. The Kochi-based company plans to issue 51.5 million equity shares of Rs 10 face value with a premium that will be determined through a book-building process.According to a company release, the Crisil rating indicates that