Page 3 - Muthoot Finance Stock

Muthoot Finance's arm Belstar Microfinance files Rs 1,300-cr IPO with Sebi

Muthoot Finance's microfinance arm, Belstar Microfinance Ltd, on Sunday filed preliminary papers with capital markets regulator Sebi to raise Rs 1,300 crore through an initial public offering (IPO). The Chennai-based entity's IPO is a combination of fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of Rs 300 crore by investor shareholders, according to the draft red herring prospectus (DRHP). As a part of the OFS, Danish asset management firm MAJ Invest aims to sell shares to the tune of Rs 175 crore, followed by Arum Holdings Ltd (Rs 97 crore) and Augusta Investments Zero Pte Ltd (Rs 28 crore). Maj Invest had first invested in Belstar Microfinance in 2018 and again in 2022. At present, Muthoot Finance, which is one the promoters, holds a little over 66 per cent stake in Belstar Microfinance. Proceeds from the fresh issue worth Rs 760 crore will be used to meet future capital requirements towards onward lending and the remaining amount will be used for

Muthoot Finance to raise Rs 500 crore through issue of five-year bonds

The company will pay an annual coupon of 9.03% on this issue and has invited commitment bids for the same on Thursday

Three NBFCs looking to raise funds through dollar bond issue, say bankers

Manappuram Finance, Muthoot Finance and state-run REC are aiming to issue benchmark-sized bonds, which means the issuance will be around $500 million each, the three bankers said

Muthoot Microfin's AUM rose 32% YoY in Q4, loan disbursement highest ever

The AUM in the March quarter soared to Rs 12,194 crore as compared to Rs 9,208 crore during the same period a year ago

Major Gold financer Muthoot Fincorp launches Rs 300-cr NCDs issue

Leading gold loan financier Muthoot Fincorp on Friday said it will raise Rs 300 crore through the issue of secured, redeemable, non-convertible debentures (NCDs). The issue opened for public subscription from Friday and will be open till January 25, the company said. The company said the proposed debt issuance is within the shelf limit of the board approved plan of raising up to Rs 1,100 crore this fiscal. The base size of the third tranche is Rs 75 crore with a green shoe option of Rs 225 crore. The company offers tenure options of 24 months, 36 months, 60 months, and 96 months with monthly, annual, and cumulative payment options across options with the coupon rate ranging from 9.26-9.75 per cent.

Stocks to Watch: DreamFolks, RIL, HAL, L&T, Adani, Tata Motors, REC, NTPC

Stocks to Watch on Tuesday: DreamFloks Services to debut on Tuesday; Reliance Industries acquires majority stake in SenseHawk for $32 mn; Delta Corp in F&O ban.

Muthoot, Manappuram Fin: Charts show up to 12% upside in gold financiers

Muthoot Finance is headed towards Rs 1,700 levels

Investors may be overplaying Muthoot Finance's growth prospects

Pace of new customer addition is slowing; lending to existing customers is on the rise

Buy these stocks for a 10% upside on MSCI's new foreign ownership norms

Ipca Labs has tripled in the last one year from the lows of Rs 817 and continues to hold the same strength and momentum. Charts indicate more headroom from the current levels

Muthoot Finance may get added to MSCI India Index soon: Analysts

Shares of India's largest cash-for-gold lender have surged 71 per cent this year, the third-biggest gain on a gauge of the nation's top 200 firms

Muthoot Finance surges 9% on strong Q2 results

The company reported a healthy 41 per cent year-on-year (YoY) growth in profit before tax (PBT) at Rs 1,047 crore for September quarter (Q2FY20), on the back of strong operational income.

Muthoot Finance hits 52-week high; surges 25% in two months

The stock hit a fresh 52-week high of Rs 512, was 3% away from its record high level of Rs 526 touched on September 13, 2017, on the BSE in intra-day trade.