Muthoot Capital Services zooms on raising Rs 49 crore through NCDs.
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Muthoot Capital Services is currently trading at Rs. 396.10, up by 23.45 points or 6.29% from its previous closing of Rs. 372.65 on the BSE.
The scrip opened at Rs. 377.85 and has touched a high and low of Rs. 397.00 and Rs. 377.00 respectively. So far 5594 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.45 on 21-Jun-2023 and a 52 week low of Rs. 160.00 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 398.45 and Rs. 363.50 respectively. The current market cap of the company is Rs. 647.95 crore.
The promoters holding in the company stood at 62.62%, while Institutions and Non-Institutions held 1.49% and 35.89% respectively.
Muthoot Capital Services has raised Rs 49 crore through allotment of 4900 Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) of Rs 1 lakh each, on Private Placement basis within the limits for issue and allotment as approved by the board. Debenture issue and allotment committee of the Board of Directors of the company, at its meeting held on June 19, 2023, has allotted the same.
Muthoot Capital Services is one of India's Most Progressive Automobile Finance Companies.
