 "Muthoot Fincorp eyes private equity of Rs 800 cr")
Muthoot Fincorp, the flagship company of Muthoot Pappachan Group, is eyeing private equity (PE) of between Rs 600 crore and Rs 800 crore this fiscal.
The company is also planning to come up with public issue of bonds worth Rs 300 crore sometime in June. For the entire fiscal it may do public issue of bonds up to Rs 1,000 crore.
The group today reiterated that its financial services business were primarily targeted towards financial inclusion.
Muthoot Microfinance, the micro finance business unit of Muthoot Fincorp, is planning for a capital infusion of Rs 200 crore through promoter funding.
The company is also planning to come up with public issue of bonds worth Rs 300 crore sometime in June. For the entire fiscal it may do public issue of bonds up to Rs 1,000 crore.
The group today reiterated that its financial services business were primarily targeted towards financial inclusion.
Muthoot Microfinance, the micro finance business unit of Muthoot Fincorp, is planning for a capital infusion of Rs 200 crore through promoter funding.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%