Muthoot Finance has rallied 12% at Rs 123, extending its previous day’s 5% gain on BSE, on reports that the company has filed draft prospectus for a public issue of secured non convertible debentures (NCDs) and unsecured NCDs aggregating up to Rs 300 crore.
A combined 555,672 shares have already changed hands on the counter on BSE and NSE till 0935 hours as compared to an average sub 400,000 shares that were traded daily in past two weeks.
The face value of secured redeemable NCDs and unsecured redeemable NCDs has fixed at Rs 1000 per NCD with a minimum application of Rs 10,000. The NCDs are proposed to be listed on the BSE.
The gold loan financing company plans to invest around Rs 300 crore for setting up 9,000 white label ATMs (WLAs) in the country in the next three years, the Business Standard report suggests quoting managing director George Alexander Muthoot.
The company said it has received RBI and FIPB approval for setting up 9,000 WLAs in the country during the current quarter which will be rolled out soon.
A combined 555,672 shares have already changed hands on the counter on BSE and NSE till 0935 hours as compared to an average sub 400,000 shares that were traded daily in past two weeks.
The face value of secured redeemable NCDs and unsecured redeemable NCDs has fixed at Rs 1000 per NCD with a minimum application of Rs 10,000. The NCDs are proposed to be listed on the BSE.
The gold loan financing company plans to invest around Rs 300 crore for setting up 9,000 white label ATMs (WLAs) in the country in the next three years, the Business Standard report suggests quoting managing director George Alexander Muthoot.
The company said it has received RBI and FIPB approval for setting up 9,000 WLAs in the country during the current quarter which will be rolled out soon.
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