Muthoot Finance is planning to raise up to Rs 1,000 crore through public issue of bonds to fund its business growth. In its 24th series of public issue of secured redeemable non-convertible debentures, the company will issue bonds of face value of Rs 1,000 each with a base size of Rs 100 crore with an option to retain over-subscription up to Rs 900 crore aggregating up to tranche limit of Rs 1,000 crore.
The issue opens on December 11, 2020 and closes on January 5, 2021 with an option to close on such earlier date or extended date as may be decided by the board of directors or NCD committee. The allotment will be on first come first serve basis.
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.
| Company Name | CMP |
|---|---|
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| Shriram Finance | 1047.20 |
| Aditya Birla Capital | 344.30 |
| Chola Invest & Fin. | 1590.90 |
| Tata Capital | 333.30 |
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