Muthoot Finance is planning to raise funds by way of issue of Redeemable Non- Convertible Debentures (NCDs) up to Rs 5000 crore (including unissued portion from previous approval of Rs 2000 crore) through Private Placement in one or more tranches. The meeting of the Board of Directors is scheduled to be held on September 04, 2018, to 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 etc.
