Muthoot Finance has decided to raise funds through its 21st series of Public Issue of Secured Redeemable Non-convertible Debentures (NCDs). The issue is with a base issue size of Rs 100 crore with an option to retain oversubscription upto Rs 900 crore aggregating upto tranche limit of Rs 1000 crore. The issue opens on September 27, 2019 and closes on October 25, 2019 with an option to close on such earlier date or extended date as may be decided by the Board of directors or NCD committee.
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.
