New Delhi: Muthoot Fincorp on Wednesday said it will raise up to Rs 360 crore through a public issue of debentures.
This issue opened on 10 April and will close on 25 April.
"Muthoot Fincorp Limited has announced the XVI Tranche IV Series of Secured Redeemable, Non-Convertible Debentures (NCDs) to raise an aggregate amount of Rs 360 crore, within the shelf limit of Rs 1,100 crore. Tranche I of the issuance The amount is Rs 100 crore with a green shoe option of Rs 260 crore, taking the total to Rs 360 crore ("tranche IV issue"), Muthoot Fincorp said in a statement.
The issue offers NCDs with maturity/tenure options of 26 months, 38 months, 6 months, 72 months and 94 months with monthly, annual and cumulative payment options in various schemes.
Shaji Varghese, CEO, Muthoot Fincorp Limited, said, “With AA-/Stable rating by CRISIL along with attractive interest rates and multiple tenure options, we are focused on providing suitable opportunities to our investors to diversify their investment portfolio. Are."
Muthoot Fincorp is the flagship company of the 137 year old Muthoot Pappacha Group.
This issue opened on 10 April and will close on 25 April.
"Muthoot Fincorp Limited has announced the XVI Tranche IV Series of Secured Redeemable, Non-Convertible Debentures (NCDs) to raise an aggregate amount of Rs 360 crore, within the shelf limit of Rs 1,100 crore. Tranche I of the issuance The amount is Rs 100 crore with a green shoe option of Rs 260 crore, taking the total to Rs 360 crore ("tranche IV issue"), Muthoot Fincorp said in a statement.
The issue offers NCDs with maturity/tenure options of 26 months, 38 months, 6 months, 72 months and 94 months with monthly, annual and cumulative payment options in various schemes.
Shaji Varghese, CEO, Muthoot Fincorp Limited, said, “With AA-/Stable rating by CRISIL along with attractive interest rates and multiple tenure options, we are focused on providing suitable opportunities to our investors to diversify their investment portfolio. Are."
Muthoot Fincorp is the flagship company of the 137 year old Muthoot Pappacha Group.
