Muthoot Finance Ltd is coming out with a public issue of Unsecured & Secured, Redeemable, Non Convertible Debentures (NCDs) of face value of Rs. 1000 each aggregating to a total of upto Rs. 300 Cr. The Issue is open for subscription on 25th March 2015 and closes on 27 April 2015.
If you already subscribe in this company then wait for another issue for diversify your Portfolio.
Current market condition is not good for Gold Category. The Issue is rated AA- with a negative outlook by Credit Rating agencies ICRA.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
Muthoot NCD Issue Highlights
Specific Term of Issue[ws_table id=”682″]
Subject to Applicable Tax deducted at source (TDS)
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.
[wptabtitle] Download Form[/wptabtitle] [wptabcontent]
Not Recomanded – No Download Link
[wptabtitle] Subscription[/wptabtitle] [wptabcontent]