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Muthoot Finance shines on plan of raising Rs 1,400 crore via NCDs

17 Jan 2017 Evaluate

Muthoot Finance is currently trading at Rs. 310.60, up by 8.10 points or 2.68% from its previous closing of Rs. 302.50 on the BSE.

The scrip opened at Rs. 304.70 and has touched a high and low of Rs. 313.00 and Rs. 304.70 respectively. So far 28636 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 405.35 on 08-Aug-2016 and a 52 week low of Rs. 170.00 on 18-Jan-2016.

Last one week high and low of the scrip stood at Rs. 313.00 and Rs. 285.00 respectively. The current market cap of the company is Rs. 12465.02 crore.

The promoters holding in the company stood at 74.55%, while institutions and non-institutions held 21.36% and 4.09% respectively.

Muthoot Finance is planning to raise up to Rs 1,400 crore through a public issue of non-convertible debentures (NCDs), the subscription for which opens on Tuesday. The NCDs will have face value of Rs 1,000 each, aggregating to Rs 1,300 crore, and unsecured NCDs of Rs 1,000 each aggregating to Rs 100 crore, totalling up to Rs 1,400 crore.

The company will utilise the funds raised through this issue to lending activities of the company. The company will offer 10 investment options for secured NCDs with monthly or annual interest payment or on maturity with effective yield ranging from 8.25 to 9.25% for retail investors.

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. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel and tourism services, and sells gold coins.

Muthoot Finance Share Price

3497.95 -64.70 (-1.82%)
24-Apr-2026 11:05 View Price Chart
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