Muthoottu Mini Financiers Ltd launched Public Issue of secure and unsecured redeemable non-convertible Debentures of 125 crores with an option to retain over subscription upto 125 crores aggregating to 250 crores Issue open from 28 Dec. 2015 and issue close on 27 Jan 2016
[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
Muthoottu Mini NCD Issue Highlights
- Advertisement -
Specific Term of Issue[ws_table id=”780″]
Cheque Details :
Cheque / DD should be drawn in favour of “MMFL -NCD Escrow Account “ by all applicant
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
Established in 1921 in Kozhencherry, Pathanamthitta, Kerala by Sri. M Mathew, Muthoottu Mini , was initially a small firm engaged in financing and in Chit Fund business. Subsequently, the promoters applied their sound banking experience, and took Muthoottu Mini into the corporate arena. This arm of the Group has since built an impressive level of business and made for itself a reputation for reliability in private banking circles throughout Kerala, Tamil Nadu,Karnataka,Andhra Pradesh, Goa ,Delhi,Haryana and Maharashtra.
The Group now comprises companies engaged in Financing, construction of own building, I T Park, Joint venture with Banyan Tree Hotels, SEPZ for I T, Smart City, Plantation and Chain of Theatres. The corporate image of the group has been meticulously built and developed since beginning. The group members conduct their business through a network of branches established in Kerala, Tamil Nadu,Karnataka,Andhra Pradesh, Goa ,Delhi,Haryana and Maharashtra.
The astuteness and acumen with which this group has been conducting its business since as far back as 1921, undeniably demonstrates its resilience to hold out, and to emerge stronger after each bend in its journey.
- South India remains the key market as demand for Gold is skewed towards southern states.
- Over the longer term, however, enhanced transparency envisaged by the guidelines with strengthen the confidence of stackholders in the sector.
- Gold is an idle asset in the hands of individuals and there is a huge locked economic value in the Indian economy, which is said to have anywhere between 18000 to 20000 tonnes of gold. Just a small fraction of about three per cent of this idle gold stock is being used for raising gold loans, at present.
[wptabtitle] Subscription[/wptabtitle] [wptabcontent]
Muthoottu Mini Subscription data
Muthoottu Mini Financiers Ltd Allotment & Listing details
For any query , Kindly Write to us at
Call Rajendra 7719917444