Muthoot Capital Services soars on getting nod to raise Rs 100 crore via NCDs
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Muthoot Capital Services is currently trading at Rs. 360.95, up by 10.45 points or 2.98% from its previous closing of Rs. 350.50 on the BSE.
The scrip opened at Rs. 364.90 and has touched a high and low of Rs. 364.90 and Rs. 350.80 respectively. So far 3247 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. 373.95 and Rs. 305.00 respectively. The current market cap of the company is Rs. 595.07 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 10,000 Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) each having a face value of Rs 1,00,000 aggregating to Rs 100 crore, for a tenor of 13 months from the deemed date of allotment, on private placement basis. The NCDs have a coupon rate of 9.97 % p.a. payable annually and are proposed to be listed on BSE. The meeting of Debenture Issue and Allotment Committee held on October 30, 2024 has approved the same.
Muthoot Capital Services is one of India's Most Progressive Automobile Finance Companies.
