Business Standard

Muthoot Finance's NCD opens today

The issue has opened today (2 September, 2012)

Related News

Limited, one of India's largest gold financing company in terms of loan portfolio, has come up with its (NCDs).
 
The issue has opened today (2 September, 2012).
 
In a statement the company said, "(It) will open on September 02, 2013, a public issue of secured, redeemable, non-convertible debentures and unsecured, redeemable, non-convertible debentures of face value of Rs 1,000 each aggregating upto Rs 150 crore with an option to retain oversubscription up to Rs 150 crores, aggregating to a total of up to Rs 300 crores." 
 
The NCD issue, with eleven investment options and effective yield of up to 12.55% (per annum) closes on September 16, 2013, with an option for early closure as may be decided by the NCD public issue committee subject to necessary approvals.
  
The NCDs offered through the prospectus are proposed to be listed on BSE Limited. The NCDs proposed to be issued under this issue have been rated 'CRISIL AA-/Negative' by CRISIL and '[ICRA] AA- /Negative' by ICRA. 

Read more on:   
|

Read More

Fund raising via QIP hit a 3-month low in July: Sebi

Amid sluggish market conditions, fund raising by Indian companies through issue of shares to institutional investors hit a three-month low of Rs 918 ...

Quick Links

 

Market News

Markets maintain momentum; Nifty targets 8,300

The 30-share Sensex is up 363 points at 27,710 and the 50-share Nifty has gained 106 points at 8,275

Infosys crosses Rs 4,000 mark; hits new high

Since September 8, the stock rallied 10% compared to 1.2% rise in S&P BSE Sensex.

Godrej Properties, Brigade, Mahindra Lifespace to gain from FDI in construction

Analysts perceive this development to be a positive for developers with existing joint development / investment arrangements with foreign ...

Realisation gains for ACC, Ambuja

While Ebitda margins improved in September quarter, led by higher prices, concerns on volume growth continue

No immediate relief for DLF on MF redemptions

SAT to decide on redemption request on Nov 5; after realtor specifies purpose

Back to Top