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.