Muthoot Finance’ wholly-owned subsidiary -- Muthoot Homefin (India) is planning a public issue of up to Rs 300 crore by issuing secured redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each. The issue will open for subscription on April 8, 2019 and is scheduled to close on May 7, 2019, with an option of early closure, and/or extension.
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.
