Gold Lender Muthoot FinCorp Said to Plan $300 Million India IPO

Muthoot FinCorp Ltd., a gold loan lender, is planning an initial public offering that could raise as much as $300 million, according to people familiar with the matter.

The flagship company of Kerala-based Muthoot Pappachan Group is in talks with bankers to advise on the offering, with a formal appointment expected soon, the people said, asking not to be identified because the information is private.