Muthoot Fincorp opens for ₹ 400 crore NCD issue membership – CNBC TV18

Muthoot Fincorp opens for ₹ 400 crore NCD issue membership – CNBC TV18



Muthoot Fincorp, Part of the 138-YLD Muthoot Pappachan Group, Has Announced The Launch of Tranche IV of Its Secure, Redeemable Non-Convertible Debants (NCDs). The membership window remains open from 4 February to 17 February 2025, subject to early closure from the Board of Directors or Stock Allocation Committee.

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Muthoot Fincorp aims to raise Crore 400 crores through NCDS, which is within a shelf limit of ₹ 2,000 crore. The size of the base issue is ₹ 100 crore, of which. There is a green shoe option of 300 crores.

Funds will be used mainly for borrowing, financing, repayment of existing debt obligations and general corporate purposes, the company said.

NCDs provide a yield of 9.38% to 10.10% per year based on the tenure selected by the investor. Available tenure options include 18, 24, 36, 60 and 72 months.

These devices are to be listed on the loan market section of the Bombay Stock Exchange (BSE), which provides liquidity to investors.

The NCD issue is open to both institutional and retail investors. Individual investors applying through middlemen for an amount of up to ₹ 5 lakh should use UPI to block funds.

Alternatively, investors can also apply through SCSB and stock exchange platforms.

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