Muthoot Finance to raise funds up to Rs 4,000 crore

Muthoot Finance has received an approval to raise funds up to an amount of Rs 4,000 crore by way of Public Issue(s) of Redeemable Non-Convertible Debentures to be issued in one or more tranches. The board of directors at its meeting held on February 24, 2016 has approved for the same.

Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company is a Systemically Important Non-deposit taking NBFC headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.