Muthoot Finance Ltd 12.55% NCD Issue – Sep 2013

Muthoot Finance Ltd launched Public Issue of Secured redeemable NCD of  Rs. 1000 each from 2 Sep 2013 and issue close on 16 Sep.  Muthoot finance largest gold financing company in India in term of loan portfolio. It aims to raise upto 150 Cr. through this Issue, with an option to retain oversubscription upto 150 Cr.

Allotment is on First Come First Serve Basis.

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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]

Issue Highlights

Specific Term of Issue

 Cheque Details :

Cheque / DD should be drawn in favour of  ” Escrow Account Muthoot Finance NCD Public Issue  “ by all applicant

Banker : Indusind Bank & ICICI Bank

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[wptabtitle] About Issue[/wptabtitle] [wptabcontent]

About Company

The funds raised through this issue will be utilised by the company for various financing activities including lending and investments, to repay existing liabilities or loans and towards business operations including for capital expenditure, working capital requirement and other general corporate purposes.

The company provides personal and business loans secured by gold jewellery, or gold loans, primarily to individuals who possess gold jewellery, but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

As of June 30, 2013, the company has branch network of 4163 branches. Its gold loan portfolio as of March 31, 2013 comprised approximately 6.5 million loan accounts.

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[wptabtitle] Allotment Listing[/wptabtitle] [wptabcontent]

Muthoot Finance Allotment Listing Complete Details

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For any query , Kindly Write to us at

                       rajendra@puneinvest.com or

                          Call Rajendra 7719917444               

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