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Gold loan company Muthoot Finance to raise upto Rs 2,000 cr via debentures

The Secured NCDs proposed to be issued under this Issue have been rated "AA" by CRISIL and "AA" by ICRA

Muthoot Finance logo
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Muthoot Finance logo

Abhijit Lele Mumbai
Gold loan company Muthoot Finance Ltd plans to raise upto Rs 2,000 crore through public offering of Secured Redeemable Non-Convertible Debentures (NCDs) to deploy funds in lending business.

The proposed debenture issue will have a base issue size of Rs 100 crore with an option to retain oversubscription upto Rs 1,900 crores aggregating upto tranche limit of Rs 2,000 crore.

The issue opens on October 27, 2020 and closes on November 20, 2020 with an option to close at an early date or extend the date to be decided by the Board of Directors or NCD committee.

The Secured NCDs proposed to be

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First Published: Oct 26 2020 | 12:49 PM IST

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