Muthoot Finance zooms on getting nod to raise Rs 21,063.50 crore via NCDs
Muthoot Finance is currently trading at Rs. 2315.45, up by 134.35 points or 6.16% from its previous closing of Rs. 2181.10 on the BSE.
The scrip opened at Rs. 2260.00 and has touched a high and low of Rs. 2335.00 and Rs. 2228.40 respectively. So far 39707 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,335.00 on 13-Feb-2025 and a 52 week low of Rs. 1262.25 on 29-Feb-2024.
Last one week high and low of the scrip stood at Rs. 2335.00 and Rs. 2130.00 respectively. The current market cap of the company is Rs. 92874.66 crore.
The promoters holding in the company stood at 73.35%, while Institutions and Non-Institutions held 23.24% and 3.41% respectively.
Muthoot Finance has received approval for fund raising up to Rs 21,063.50 crore by issuing Redeemable Non-Convertible Debentures (NCDs) by way of private placement in one or more tranches as may be decided by the Board of Directors or a Committee thereof from time to time. The Board of Directors of the company at their meeting held on February 12, 2025 has inter alia approved the same.
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.
