The subject opened on April 10 and can shut on April 25.
The subject provides NCDs with maturity/tenure choices of 26 months, 38 months, 60 months, 72 months, and 94 months with month-to-month, annual, and cumulative cost choices throughout totally different schemes
Muthoot FinCorp on Wednesday mentioned it’s going to elevate up to Rs 360 crore by means of the general public subject of debentures. The subject opened on April 10 and can shut on April 25.
“Muthoot FinCorp Limited has announced XVI Tranche IV series of secured, redeemable, non-convertible debentures (NCDs) to raise an amount aggregating to Rs 360 crore which is within the shelf limit of Rs 1,100 crore. The tranche IV issuance amounts to Rs 100 crore with a green shoe option of Rs 260 crore aggregating up to Rs 360 crore (“Tranche IV Issue”),” Muthoot FinCorp mentioned in an announcement. The subject provides NCDs with maturity/tenure choices of 26 months, 38 months, 60 months, 72 months, and 94 months with month-to-month, annual, and cumulative cost choices throughout totally different schemes.
“With the AA-/ Stable rating by CRISIL coupled with attractive interest rates and multiple tenure options we are focused on providing our investors with a suitable avenue to diversify their investment portfolio,” mentioned Shaji Varghese, CEO, Muthoot FinCorp Ltd. Muthoot FinCorp is the flagship firm of the 137-12 months-previous Muthoot Pappachan Group.
