<p>Muthoot Microfin Ltd, subsidiary of diversified financial services company Muthoot Pappachan Group, has raised Rs 130 crore (around $20 million) of growth capital from Creation Investments Llc.</p>
<p>The US-based PE firm picked up 11 per cent stake in Muthoot Microfin in lieu of its investment, valuing the company at over Rs 1,111 crore.</p>