Muthoot Finance has received an approval to raise funds up to an amount of Rs 6,000 crore by way of Public Issue(s) of Redeemable Non-Convertible Debentures (NCDs) to be issued in one or more tranches. The board of directors at its meeting held on May 16, 2018 has approved for 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 etc.
