Muthoot Finance is all set to raise Rs 300 crore through Public Issue of Secured Redeemable Non-Convertible Debentures of face value of Rs 1,000 each (Secured NCDs). The Issue is with a base issue size of Rs 75 crore with an option to retain oversubscription up to Rs 225 crore aggregating up to tranche limit of Rs 300 crore.
The Issue opens on May 25, 2022 and closes on June 17, 2022 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 funds raised through this issue will be utilised primarily for lending activities of the company. The NCDs are proposed to be listed on BSE. 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.
