Muthoot Capital Services moves up on raising Rs 50 crore through NCDs
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Muthoot Capital Services is currently trading at Rs. 328.95, up by 1.40 points or 0.43% from its previous closing of Rs. 327.55 on the BSE.
The scrip opened at Rs. 328.05 and has touched a high and low of Rs. 331.15 and Rs. 328.05 respectively. So far 14 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. 353.25 and Rs. 323.10 respectively. The current market cap of the company is Rs. 538.74 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 raised Rs 50 crore through the allotment of 50,000 Senior, secured, rated, listed, redeemable, taxable, non-convertible debentures (NCDs), each having a face value of Rs 10,000, for a tenor of 24 months from the 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 10.00% p.a. payable annually and are proposed to be listed on BSE. The Debenture Issue and Allotment Committee has on November 21, 2024, approved the allotment of the same.
Muthoot Capital Services is one of India's Most Progressive Automobile Finance Companies.
