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Muthoot Finance plans to raise Rs 6,000 crore through bonds

The firm plans to issue non convertible debentures (NCDs)

Muthoot Finance | non-convertible debentures | India bond market

Press Trust of India  |  New Delhi 

The company is now valued at $7 billion, a size that may spur MSCI to include the stock in its gauge at the quarterly review due in August
Muthoot Finance | File photo

on Friday said its board has approved a proposal to raise up to Rs 6,000 crore by issuing non convertible debentures (NCDs).

The funds would be raised by way of private placement of redeemable NCDs to be issued in one or more tranches as may be decided by the board or a committee thereof from time to time, it said in a BSE filing.

stock was trading nearly flat at Rs 1,294.55 on BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, February 19 2021. 13:49 IST