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Muthoot Finance to raise up to Rs 2,000 cr via NCDs

Muthoot Finance to raise up to Rs 2,000 cr via NCDs

Thursday, March 16, 2017, 5:25 PM

Muthoot Finance plans to raise up to Rs 2,000 crore through a public issue of non-convertible debentures to support its lending activities. The issue comprises secured and unsecured redeemable NCDs for an amount up to Rs 1,950 crore and Rs 50 crore, respectively, taking the aggregating value to Rs 2,000 crore, the Kerala-based gold financing company said in the draft prospectus filed with Sebi.
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