Breaking News

You are here » Indian-Commodity  :  Corporate  :  Muthoot Finance planning to raise up to Rs 750 crore through NCDs

14-Feb2019

Muthoot Finance planning to raise up to Rs 750 crore through NCDs

Muthoot Finance is planning to raise up to Rs 750 crore through non-convertible debentures (NCDs). The base size of the issue of Rs 100 crore, with an option to retain oversubscription up to Rs 650 crore.

It offers nine investment options for secured NCDs with monthly, annual interest payment frequency or on maturity redemption payments with effective yield between 9.25-10 percent per annum. The issue will open on February 14 and closes on March 14. It also has an option to close on earlier date or extended date.

Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.


Related News

View all news

Allsec Technologies, Conneqt sign definitive agreements

Allsec Technologies and Conneqt Business Solutions (Conneqt), a subsidiary of Quess Corp, have signed definitive agreements. As per agreements, Conneqt will acquire a majority stake in Allsec Technologies.The......

Mindtree reports 9% rise in Q4 consolidated net profit

Mindtree has reported results for the fourth quarter and year ended March 31, 2019.  The company has reported a rise of 8.90% in its net profit at Rs 198.30 crore for the quarter ended March 31,......

Tata Motors' arm's Jaguar I-Pace wins 2019 World Car Awards

Tata Motors' Jaguar Land Rover's (JLR) luxury vehicle brand -- Jaguar I-Pace has become first model to win three World Car titles in the 15-year history of the awards. This latest win for the I-PACE, awarded......

Top News

View all news

Quess Corp, Ashoka Buildcon and ICICI Bank to see some action today

Quess Corp's subsidiary Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Quess Corp's arm to acquire majority stake in Allsec Technologies

Quess Corp's subsidiary -- Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Ashoka Buildcon's JV receives LoA from Rail Vikas Nigam

Ashoka Buildcon's Joint Venture (JV) -- ABL-STS JV, wherein the Company is lead member, has received a Letter of Award (LoA) from Rail Vikas Nigam (RVNL). The accepted Bid Value of the Project is Rs 443.23......