Banking & FinanceFinanceFinanceInFocusNews

Muthoot Finance to Raise Rs. 3000 Crore through Public Issue

Sharing is caring!

Gold financing firm Muthoot Finance said that it plans to raise Rs 3,000 cr through the public issue of non-convertible redeemable debentures (NCDs).

“Company has filed a shelf prospectus for issue of secured redeemable non-Convertible debentures (Secured NCDs) of face value of Rs 1,000 each aggregating upto Rs 3,000 crore (Shelf Limit),” Muthoot Finance said in a statement.

“The tranche issue is with a base issue size of Rs 500 crore with an option to retain oversubscription up to shelf limit of Rs 3,000 crore (tranche I issue).”

According to the company, the issue opens on April 9, 2018 and closes on May 8, 2018 with an “option to close earlier and or extend up to a period as may be determined by a duly authorised committee of the board”.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: