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Muthoot Finance surges with its arm planning to raise Rs 300 crore

05 Apr 2019 Evaluate

Muthoot Finance is currently trading at Rs. 611.00, up by 4.60 points or 0.76% from its previous closing of Rs. 606.40 on the BSE.

The scrip opened at Rs. 613.85 and has touched a high and low of Rs. 614.00 and Rs. 604.10 respectively. So far 24918 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 631.05 on 03-Apr-2019 and a 52 week low of Rs. 356.55 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 631.05 and Rs. 604.10 respectively. The current market cap of the company is Rs. 24474.40 crore.

The promoters holding in the company stood at 73.51%, while Institutions and Non-Institutions held 22.09% and 4.40% respectively.

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.

Peers
Company Name CMP
Bajaj Finance 1040.00
Shriram Finance 1007.00
Aditya Birla Capital 402.00
Tata Capital 350.05
Chola Invest & Fin. 1770.45
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