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Muthoot Finance gets nod to raise upto Rs 6,000 crore through NCDs

15 Feb 2024 Evaluate

Muthoot Finance has received approval to raise funds by issuance of Redeemable Non-Convertible Debentures (NCDs), through public issue, for an amount upto Rs 6,000 crore to be issued in one or more tranches as may be decided by the Board of Directors or a committee thereof from time to time. 

The company has also received approval to raise funds by issuance of Redeemable Non-Convertible Debentures, through public issue, for an amount upto Rs 10,000 crore to be issued in one or more tranches as may be decided by the Board of Directors or a committee thereof from time to time. The Board of Directors, at the meeting held on February 14, 2024 approved the same. 

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. 

Muthoot Finance Share Price

3435.45 -93.90 (-2.66%)
11-May-2026 16:59 View Price Chart
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