Muthoot Finance to raise Rs 1,000 cr through NCDs

By: |
Published: September 26, 2019 5:08:16 PM

There are ten investment options for secured NCDs with monthly or annual interest payment frequency or on maturity redemption payments with effective yield per annum ranging from 9.25 per cent to 10 per cent, the company said in a release.

Muthoot Finance, NCD, BSE, market news, issuance of non convertible debenture, non convertible debenture, The funds raised through this issue will be utilised for the lending activities of the company.

Non-banking financial company Muthoot Finance on Thursday said it is looking to raise up to Rs 1,000 crore through issuance of non-convertible debentures. The base issue size of Rs 100 crore with an option to retain over subscription of up to Rs 900 crore. There are ten investment options for secured NCDs with monthly or annual interest payment frequency or on maturity redemption payments with effective yield per annum ranging from 9.25 per cent to 10 per cent, the company said in a release.

The funds raised through this issue will be utilised for the lending activities of the company. The issue opens on September 27 and close on October 25. The NCDs are proposed to be listed on BSE.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Largest ever private QIP: Axis Bank surges 4% after mega Rs 12,500 crore share issue
2Share market highlights: Sensex ends 396 points down, Nifty below 11,600; VEDL, M&M top gainers
3Gold gains ground on bargain hunting, strong dollar caps gains