Muthoot Finance Ltd launched Public Issue of NCD of Rs. 1000 each from 10 Mar 2014 and issue close on 10 Apr 2014. Muthoot finance largest gold financing company in India in term of loan portfolio. It aims to raise upto 200 Cr. through this Issue. Issue closed 20 Mar 2014
Allotment is on First Come First Serve Basis.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
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Muthoot NCD Issue Highlights
Specific Term of Issue[ws_table id=”412″]
Note : Applicant can not apply for allotment of NCDs under VII, VIII, IX, X & XI in physical mode.
NRI’s are Not Allowed to Invest
Cheque Details :
Cheque / DD should be drawn in favour of ” Escrow Account Muthoot Finance NCD Public Issue “ by all applicant
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
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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For any query , Kindly Write to us at
Call Rajendra 7719917444