New Document top_band
 
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

Lead sheds 1% on overseas cues

Subdued demand from battery makers at home fuels downtrend

Nickel sheds 0.38% on weak global trend

Lower offtake from alloy makers at home supports downtrend

Force Motors gains over 7% after huge block deal

At 0919 hours, around 425,000 equity shares representing 3.22% of total equity of Force Motors changed hands at Rs 549.95 a share on BSE.

Silver futures down 0.28% on profit-booking, global cues

Appeal for metal as alternative investment declines abroad on news of positive US economic data

Gold futures down 0.55% on weak global cues

Traders offload positions as metal loses lustre in Singapore

Back to Top