Muthoot Finance, largest gold mortgage player is reportedly planning to issue non-convertible debentures (NCDs) in the next 10 days. The company had already come up with four listed NCD issues in recent years. However, the company has not decided the actual amount to be raised. Meanwhile, the company is eyeing a 10% rise in assets under management this fiscal.
Muthoot Finance is a non-deposit taking systemically important non-banking finance company (NBFC). It is primarily in the business of lending against used household gold jewellery to individuals.
