CURRENT AFFAIRS : BANKING & FINANCE
Muthoot Finance launches NCD issue for 500 crore
- Muthoot Finance Ltd is planning to raise around Rs 500 crores through public issue of secured redeemable non-convertible debentures (Secured NCDs) of the face value of Rs 1,000 each.
- The issue comes with a base size of Rs 100 crore with an option to retain oversubscription up to Rs 400 crore, aggregating up to a tranche limit of Rs 500 crore.
