Muthoot plans new NCD issue

Encouraged by a strong response to its recent NCD issue, Muthoot Finance will tap the market with a similar debt offering, its Managing Director George Alexander Muthoot said.In November, the gold loan company had mobilised Rs 300 crore through a non-convertible debenture issue.About 25,000 retail investors subscribed to the offer, the company’s sixth NCD issue, and this has encouraged it to look at a higher issue size for the seventh NCD issue, Muthoot told Business Line here on Saturday.The company is now looking at an issue size of Rs 250...

Read more »