July 18, 2026 01:42 am (IST)

Make this your homepage

All Finance

India's Rail Revolution Begins: First Hydrogen train hits the tracks | Tragedy in Bengal: Two children among three killed as train hits school van | Europe's killer heatwave claims nearly 10,000 lives, UN sounds global alarm | 'Why introduce a new language in Class 9?' Supreme Court questions Centre's policy | 'Save Sonam Wangchuk's life': Delhi High Court to Centre as hunger strike enters Day 19 | Atul Kulkarni observes one-day fast in support of Sonam Wangchuk, urges Centre to initiate dialogue | Argentina stun England with late rally to storm into FIFA World Cup 2026 final | 'He could die in two days': Delhi HC plea seeks force-feeding of Sonam Wangchuk as fast enters Day 18 | 'Tonight's defeat is hard to take': Emmanuel Macron reacts after France crash out of World Cup, congratulates Spain | Spain cruise past France to storm into FIFA World Cup 2026 final with clinical 2-0 victory

Muthoot Finance to raise Rs 500 crore through Public Issue of NCD

India Blooms News Service | | Dec 19, 2015, at 12:25 am

Kochi, Dec 18 (IBNS): Muthoot Finance Ltd, a gold financing company in India, has opened a public issue of Non-Convertible Debentures-Secured & Unsecured (NCDs).

Through this NCD issue, the company plans to raise an amount up to Rs. 250 crore, with a right to retain oversubscription of Rs. 250 Crs, thus with a total issue size of Rs. 500 crores.

The issue opened on Dec 11 and will close on Jan 11, 2016, with an option for early closure.

The NCDs under this issue have been rated ‘AA-/Stable’ by CRISIL indicating high degree of safety regarding timely servicing of financial obligations and carrying very low credit risk.

The funds raised through this issue will be used primarily for lending activities.

This is 14th NCD Public Issue from Muthoot Finance with investment tenors ranging from 400 days to 87 months and is offering coupon rates ranging from 9.00% to 10.00% for individuals and corporates with monthly and annual coupon payment options or only maturity benefit options.

Post allotment, the NCDs will be listed on BSE.

ICICI Securities Ltd and A.K Capital Services Ltd are the Lead Managers to the Issue. IDBI Trusteeship Services Limited is the Debenture Trustee to the Issue, Link Intime India Pvt Ltd is the registrar to the Issue.

#Muthoot Finance # Public Issue # NCD

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am

In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm