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

MCX-SX moves co-location services to BKC

Exchange began trading from new centre with effect from Monday

Sebi rule a hurdle in retail participation

Rule on profitability record has restricted participation in recent IPOs

Nifty crosses 8,000: Auto, pharma shine in 1,000-point journey

Indices might correct in the near term but in the long run the outlook is upbeat, given the expectations of reforms

PSUs will account for significant capital raising: Sanjay Sharma

Interview with Managing director and head (equity capital markets), Deutsche Equities India

Launches key to Nestle's fortunes

Market has cheered company's renewed aggression on innovations and launches; current valuation could limit upside

Back to Top