Muthoot Finance has received approval for fund raising up to Rs 21,063.50 crore by issuing Redeemable Non-Convertible Debentures (NCDs) by way of private placement 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 of the company at their meeting held on February 12, 2025 has inter alia 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.
