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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.
first published: February 4, 2025 4:49 pm First
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