Muthoot Finance jumps on getting nod to raise Rs 6500 crore through NCDs

Muthoot Finance is currently trading at Rs. 962.70, up by 14.20 points or 1.50% from its previous closing of Rs. 948.50 on the BSE.

muthoot finance raises 450 million from international bond markets
Muthoot Finance

The scrip opened at Rs. 952.00 and has touched a high and low of Rs. 965.45 and Rs. 948.40 respectively. So far 14880 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1445.95 on 10-Mar-2022 and a 52 week low of Rs. 935.60 on 08-Mar-2023.

Last one week high and low of the scrip stood at Rs. 965.45 and Rs. 935.60 respectively. The current market cap of the company is Rs. 38157.57 crore.

The promoters holding in the company stood at 73.35%, while Institutions and Non-Institutions held 22.02% and 4.63% respectively.

Muthoot Finance has received approval to raise Rs 6500 crore through issuance of Redeemable Non-Convertible Debentures (NCDs) on private placement to be issued in one or more tranches as may be decided by the Board of Directors or a committee thereof from time to time. The Board of Directors of Muthoot Finance at their meeting held on March 09, 2023 has approved the same.

Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.

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