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

Turmeric futures trade lower on NCDEX

Turmeric futures traded lower on NCDEX, on the back of improved crop prospects in Maharashtra. Further, expectation of higher production this season due to higher acreage in Telangana also fuelled the......

Cardamom futures tumble on profit taking

Cardamom futures trade higher on MCX, due to profit taking by participants after the spice rose with the decline in arrivals.The contract for April delivery was trading at Rs 1500.00, down by 1.32% or......

Crude palm oil futures trade higher on rise in demand

Crude palm oil futures traded higher on MCX, due to widening of bets by the speculators at prevailing lower rates, counting on rise in demand from the spot domestic markets. However, weaker trend overseas......

Top News

View all news

V-Mart Retail, KPI Global Infrastructure and PNC Infratech to see some action today

V-Mart Retail has opened a new store in the state of Bihar. With this total number of stores remains to 201 Stores in 163 cities across 16 states and total the tally of stores in Bihar to 40.KPI......

V-Mart Retail opens new store in Bihar

V-Mart Retail has opened a new store in the state of Bihar. With this total number of stores remains to 201 Stores in 163 cities across 16 states and total the tally of stores in Bihar to 40.V-Mart Retail......

KPI Global Infrastructure bags 213.75KW solar power project

KPI Global Infrastructure has bagged an order for executing 213.75KW solar power project under 'Captive Power Producer (CPP)' category from Govindam Knit Fab, Surat for which the Letter of Intent (LoI)......