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Muthoot Finance plans to raise Rs 1,000 crore via NCDs

09 Nov 2016 Evaluate

Muthoot Finance is planning to raise up to Rs 1,000 crore by way of issuing Redeemable Non-Convertible Debentures (NCDs). The company’s board of directors will consider the same at a meeting on November 11, 2016.

Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company is a Systemically Important Non-deposit taking NBFC headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.

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