Muthoot Finance raises Rs 528 crore via NCDs

Muthoot Finance has raised Rs 528 crore through retail issuance of non-convertible debentures (NCDs) in the current financial year till May 6. The funds will be mobilised for expansion, support working capital requirements and other general corporate purposes.

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.