Muthoot Capital Services has received an approval for raising of equity capital up to an amount of Rs 200.00 crore, through Qualified Institutions Placement (QIP), subject to the approval of shareholders by way of Postal Ballot and other applicable statutory/regulatory approvals and requirements. The board of directors at its meeting held on September 9, 2017 has approved for the same.
Muthoot Capital Services is a deposit taking non-banking financial company (NBFC). The company is engaged in financing for purchase of automobiles, including two wheelers, against hypothecation of the respective vehicles, and granting of personal/business loans against demand promissory notes.
