December 19, 2025 04:24 pm (IST)
Follow us:
Muthoot Finance to raise Rs 500 crore through Public Issue of NCD
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.
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.
Latest Headlines
IPO fireworks! ICICI Prudential AMC pops 20% on market debut
Fri, Dec 19 2025
Bharti Airtel announces top leadership changes; Gopal Vittal to become Executive Vice Chairman
Thu, Dec 18 2025
TCS bets big on AI, shares spike as company reveals ambitious plan
Thu, Dec 18 2025
Meesho’s wild ride: Hits record market cap, then suddenly slides
Thu, Dec 18 2025
SBI rolls out YONO 2.0! Banking gets a major digital upgrade
Wed, Dec 17 2025
Nephrocare IPO pops on debut, dialysis major lists at 7% premium
Wed, Dec 17 2025
Rupee hits new lifetime low, but top economist says ‘don’t panic’
Wed, Dec 17 2025