Muthoot Finance is planning to raise up to Rs 2000 crore by issuing non-convertible debentures (NCDs) on private placement basis in one or more tranches. The board of directors of the company in their meeting, scheduled to be held on February 13, 2017, will consider the same.
Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The Company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking, home loans, personal loans, collection services, microfinance, windmill power generation, white label automated teller machine, instant money transfer services and domestic money transfer services.
