Gold financing company Muthoot Finance is mulling over to raise Rs 6,000 crore in the current fiscal to meet its working capital requirements. The promoters of Muthoot Finance will also dilute 5 per cent of their shareholding in the next three years. At present, the promoters of Muthoot Finance hold 80 per cent stake in the company. As the company is raising Rs 1,000 crore through the currently listed retail non-convertible debentures (NCD), the remaining funds will be raised through various options, including bank loans such as cash credit.
The largest gold loan NBFC’s average lending rate is 21.6 per cent with a net interest margin of 9.5 to 10 per cent, while its non-performing assets ratio is 0.3 per cent and average loan size of Rs 35,000.crackcrack
| Company Name | CMP |
|---|---|
| Bajaj Finance | 972.55 |
| Shriram Finance | 1015.40 |
| Aditya Birla Capital | 368.90 |
| Chola Invest & Fin. | 1689.15 |
| Tata Capital | 325.90 |
| View more.. | |
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