Muthoot Finance rises on completing pre-payment of external commercial borrowings
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Muthoot Finance is currently trading at Rs. 1038.90, up by 5.15 points or 0.50% from its previous closing of Rs. 1033.75 on the BSE.
The scrip opened at Rs. 1028.20 and has touched a high and low of Rs. 1044.60 and Rs. 1027.65 respectively. So far 16660 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1345.95 on 21-Apr-2022 and a 52 week low of Rs. 911.40 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1045.75 and Rs. 1014.60 respectively. The current market cap of the company is Rs. 41678.36 crore.
The promoters holding in the company stood at 73.35%, while Institutions and Non-Institutions held 22.02% and 4.63% respectively.
Muthoot Finance has completed the pre-payment of external commercial borrowings to the tune of $225 million on April 13, 2023. Consequent upon the pre-payment of the external commercial borrowings, the company has initiated steps for cancellation of the Senior Secured Notes issued by the company under the GMTN Programme and listed on the International Securities Market of the London Stock Exchange.
Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.
