Breaking News

You are here » Indian-Commodity  :  Top News  :  Muthoot Capital Services raises Rs 165 crore through QIP

22-Nov2017

Muthoot Capital Services raises Rs 165 crore through QIP

Muthoot Capital Services has raised Rs 165 crore through a Qualified Institutional Placement (QIP) to shore up its Tier I capital base through which it has diluted the promoters' stake by 12.43%. After the issue, promoters' stake has come down by 12.43% to 62.5% from 74.93%.

The QIP was snapped by mutual fund majors like Birla, DSP Blackrock, IDBI, SBI, Sundaram and other investors like Morgan Stanley, Aurigin Master Fund Singapore and Goldman Sachs.

Muthoot Capital Services is a deposit taking non-banking financial company (NBFC). The company is engaged in financing for purchase of automobiles, including two wheelers, against hypothecation of the respective vehicles, and granting of personal/business loans against demand promissory notes.



Related News

View all news

Copper futures end higher on Friday

Copper futures edged higher on Friday, with a dip in the dollar helping to steady metal markets after a tough week. The forces that battered metal markets earlier in the week cooled during Friday's session,......

Crude oil futures extend gains to settle higher on Friday

Crude oil futures extended their gains for the second straight session to settle higher on Friday, amid hopes the trade talks between US and China next week will help diffuse trade tensions and reduce......

Gold futures end tad higher on Friday

Gold futures ended slightly higher on Friday, as U.S. dollar weakened a little, relieving pressure on prices. However, the precious metal remained near 19-month lows and looked poised for its biggest weekly......

Top News

View all news

Shriram City Union Finance planning to raise up to Rs 500 crore

Shriram City Union Finance is planning to raise funds up to Rs 500 crore. The company intends to issue and allot on private placement basis 5,000 number of secured non-convertible redeemable debentures......

TCS features as star performer in Digital Workplace Services by Everest Group

Tata Consultancy Services (TCS) has been recognized as a leader and Star Performer for the second year in a row in the Everest Group PEAK Matrix for Worldwide Digital Workplace Services. In an assessment......

Tribhovandas Bhimji Zaveri opening 38th store in Uttar Pradesh

Tribhovandas Bhimji Zaveri is opening its 38th store at G-31 & G-32 consisting of Basement Ground Floor & First Floor Noida, in state of Uttar Pradesh on August 18, 2018.Earlier, the company......