Powered by: Motilal Oswal
14-11-2024 10:07 AM | Source: Accord Fintech
Muthoot Capital Services moves up on getting nod to raise Rs 50 crore via NCDs

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Muthoot Capital Services is currently trading at Rs. 361.10, up by 2.80 points or 0.78% from its previous closing of Rs. 358.30 on the BSE.

The scrip opened at Rs. 361.95 and has touched a high and low of Rs. 364.00 and Rs. 361.10 respectively. So far 142 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 424.95 on 26-Dec-2023 and a 52 week low of Rs. 265.00 on 27-Mar-2024.

Last one week high and low of the scrip stood at Rs. 396.75 and Rs. 353.95 respectively. The current market cap of the company is Rs. 589.32 crore.

The promoters holding in the company stood at 62.62%, while Institutions and Non-Institutions held 2.52% and 34.87% respectively.

Muthoot Capital Services has received approval for the issuance of 50,000 Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) each having a face value of Rs 10,000 aggregating to Rs 50 crore, for a tenor of 24 months from the deemed date of allotment, on private placement basis, in accordance with the terms and conditions as mentioned in the transaction documents executed in connection with the issuance. The NCDs have a coupon rate of 10% p.a. payable monthly and are proposed to be listed on BSE. The Debenture Issue and Allotment Committee held on November 13, 2024 has approved the same. 

Muthoot Capital Services is one of India's Most Progressive Automobile Finance Companies.