Muthoot Finance, the largest gold financing company in terms of loan portfolio, has received an approval to raise funds by public issue of secured non convertible debentures aggregating to a total of up to Rs 600 crore. The board at its meeting held on December 05, 2011 has approved for the same.
Muthoot Finance is the flagship company of South India based business house ‘The Muthoot Group’. The group is diversified into financing, healthcare, real estate, education, hospitality, forex, wealth management services, money transfer services, power generation and entertainment.
The company’s net profit for the second quarter ended September 30, 2011 of the current fiscal grown by 88.29% at Rs 215.55 crore as compared to Rs 114.48 crore for the similar quarter of the previous fiscal. The company’s total revenue has zoomed by 108.65% at Rs 1104.87 crore for the quarter under review whereas the same stood at Rs 529.54 crore for the similar quarter of the previous year.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 972.55 |
| Shriram Finance | 1015.40 |
| Aditya Birla Capital | 368.90 |
| Chola Invest & Fin. | 1689.15 |
| Tata Capital | 325.90 |
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