Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Industry News

| More

Muthoot FinCorp Ltd announces XVII Tranche II series of NCDs, aims to raise Rs. 250 crore

Posted On: 2024-10-12 19:44:36 (Time Zone: IST)


Muthoot FinCorp Limited (MFL or "Company") the flagship company of 137-year-old Muthoot Pappachan Group (Muthoot Blue) has announced XVII Tranche II series of secured, redeemable, non-convertible debentures of face value of Rs 1000 each ("NCDs") to raise an amount aggregating to Rs 250 crore which is within the shelf limit of Rs 2000 crore. This is the Tranche II issuance from the Company. The XVII Tranche II issuance amounts to Rs 75 crore ("Base Issue Size") with a green shoe option of Rs 175 crore aggregating up to Rs 250 crore ("Tranche II Issue Limit") ("Tranche II Issue"). The XVII Tranche II Issue has been open to public from October 11, 2024 and closes on October 24, 2024 subject to an early closure as may be approved by our Board of Directors or the Stock Allotment Committee thereof of the Company, and subject to relevant approvals, in accordance with the Regulation 33A of the Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Securities) Regulations, 2021, as amended (SEBI NCS Regulations).

The NCDs under the XVII Tranche II Issue are being offered with maturity/tenure options of 24, 36, 60, 72 and 92 months, with monthly, annual and cumulative payment options across different Options - I, II, III, IV, V, VI, VII, VIII, IX, X, XI, XII and XIII from which the customers can conveniently choose. Effective yield (per annum) for the NCD holders in all categories of investors ranges from 9.00% to 10.10%. The NCDs issued under XVII Tranche II have been rated at CRISIL AA-/Stable (pronounced as CRISIL double A minus rating with a Stable outlook) by CRISIL Ratings Limited and is proposed to be listed on the debt market segment of BSE. The funds raised through the Tranche II Issue will be used for onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings of our Company and for the general corporate purposes.

"We are happy to announce the next series of NCDs offering secure investment opportunities to our valued investors. Investors can conveniently invest through any of Muthoot FinCorp's 3,700+ branches across the country or effortlessly via our mobile app, Muthoot FinCorp ONE, for investments up to ?5 lakhs from the comfort of their homes," said Shaji Varghese, CEO - Muthoot FinCorp Limited.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Homversity raises USD 1 Million in Pre-Series A in participation from Inflection Point Ventures and others

Agnik: The Cutting-Edge Mobile Trading App Revolutionizing Investing & Trading for Everyone by Master Trust

Cactus Partners leads $1.2 million round in ParkMate

WadzPay Secures SGD $50 Million Investment Commitment from GEM

Order For Health raises INR 1 Crore in Seed Series Round led by Inflection Point Ventures

Morgan Stanley Inaugurates State-of-the-Art Office in Mumbai

NSE's consolidated profit in Q2 FY25 up by 57% YoY to Rs 3,137 crores

DRRK Foods Invests ₹20 crores, Set to Expand its Rice Packing Unit Near Mundra

Groww's FY'24 revenue more than doubles to INR 3,145 crore

ThoughtSol's Carbon Footprint Analysis Sparks New Initiatives for Emission Reduction

World Biogas Association INDIA Congress 2024 Set to Unlock India's Biogas Potential

8i Ventures earns 12X return on full exit from M2P Fintech

Lifechart Raises $500K to Scale Full Stack AI-Powered Gut Wellness Solutions

Aniket Metals Pvt Ltd raises INR 550 Million in Private Placement Round from Bharat Value Fund

Alchemyst AI raises $300K in Pre-Seed Round led by Inflection Point Ventures, along with 100Unicorns & Early Seed Ventures

Millennium Babycares Ltd raises INR 1220 Million in Private Placement Round from Bharat Value Fund

Flyzy To Invest 10 Cr in Tryvisa, aiming to make it the Largest 'Made-In-India' Visa Solutions Provider

Furnishka Raises Rs. 27 Crore in Pre-Series A, bringing the total valuation to Rs. 45 Crore across Two Rounds

Magma HDI launches OneProtect - A Contemporary Personal Accident Insurance for Active Lifestyles

Conscious Chemist announces INR 12 Cr funding from Atomic Capital, welcomes Apoorv Gautam to the Board

ClayCo Cosmetics Raises $2 Million from Unilever Ventures to Scale Operations and Expand Product Portfolio

Icon Facilitators Limited targets Rs. 100 Crore revenue by FY27, Plans IPO to Fuel Growth

DRA Homes Acquires Prestigious Marina Mall Residences on OMR, Chennai

Preparing Future-Ready Talents in Auto Sector

The Health Factory Raises $3.5 Million in Seed funding led by Peak XV's Surge

INDmoney's Indian stock broking platform, INDstocks hits 5,58,720 active investors

Bookmybai raises INR 2 Crore in Pre-Series A CCPS Round led by Inflection Point Ventures

FSS unveils Next-Gen Card Management System Powered by BLAZE

Leezu's Secures Pre-Seed Funding to Accelerate Growth in the Pleasure and Sexual Wellness Industry

Wundrsight raises USD 400K in a Seed Round led by Inflection Point Ventures

Vehant Technologies bags contract for Under Vehicle Scanning System from GAIL, IOCL, and Chennai Petroleum

Microsoft acquires Rs.~520 Crore Land Parcel in Pune's Hinjewadi: Square Yards

LiaPlus AI raises INR 2 Crore in Seed Round led by Inflection Point Ventures

VIKRAN Engineering Closes Pre-IPO Up-round of INR 100 Crores

35North India Discovery Fund - II invests USD 3 Million in 'Global Care' - Lavanya Medicare Solutions

Medront raises INR 1.06 Cr in Pre-Seed Round led by Inflection Point Ventures

Edelweiss Life records its highest-ever Claim Settlement Ratio of 99.23% in FY24

AI Startup 'just words' Secures $1.7M in Seed Funding from Peak XV and Y Combinator

InsurancePadosi raised $500K in Funding Led by Antler

Ecom Express Unveils New Brand Identity

Manufacturing Tech startup Fabrication Bazar raises $3 million in Pre-Series A from Physis Capital and ICMG

Verticalized SaaS Payments platform Easebuzz revenue surges to INR 290 Crore in FY 24, eyes IPO in next 2-3 years

Inflection Point Ventures announces full exit from Fashor with 33% IRR

Ev2 Ventures & Caret Capital Lead US$ 1 Million Seed Investment Round in Autonomous Solutions Company Rosh.Ai

TransBnk raises $4 million in Series-A funding round led by 8i Ventures, Accion

NCLT approves slice and North East Small Finance Bank's Merger

PayU and Fynd enter into strategic partnership to Boost Payment Experiences for Merchants in India

Marine robotics Deep tech startup EyeROV raises INR 10 Crore in Pre-Series A led by Unicorn India Ventures

Neo Raises INR 400 Crore in Latest Funding Round Led by MUFG and Euclidean Capital

NSE registered investor base crosses 10 crore unique investors (unique PANs) and 19 crore total accounts


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020