India's largest privately-held gold loan lender Muthoot Fincorp will sell around 20% stake to raise Rs 1,200 crore ($200 million) from private equity (PE) investors.

Kerala-based Muthoot Fincorp, with a total loan book of Rs 11,000 crore, has mandated EY to advise on the transaction, which is expected to value the company at $1 billion, or around Rs 6,000 crore, people directly involved with the matter said. Read more..