NCD News of Muthoot Fincorp NCD August 2022

Muthoot Fincorp Limited is coming up with Public Issue of Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) of the face value of ₹[.] each, for an amount of ₹250.00 Crores ('Base Issue Size') with an option to retain oversubscription up to ₹250.00 Crores.

Muthoot Fincorp Limited is a non-deposit taking NBFC. The company is primarily engaged in the business of offering personal and business loans which are secured by gold ornaments and jewelry. The gold loan product is available for personal and business purposes to meet short-term liquidity requirements of the individuals. As of September 30, 2021, the Gold loan portfolio of the company is comprised of approximately 36.18 lakhs loan accounts.

Allotment of the NCD's will be done on First Come First Serve Basis.

Muthoot Fincorp NCD August 2022 is rated CRISIL A+/Stable by CRISIL Ratings Limited.

The issue opens on Aug 5, 2022 and closes for subscription on Sep 1, 2022. The shares of the company to be list at BSE.

The public issue of Muthoot Fincorp Limited opens on Aug 5, 2022 and closes for subscription on Sep 1, 2022.

The Muthoot Fincorp NCD August 2022 are proposed to list at BSE.

Allotment of the NCD's will be done on First Come First Serve Basis.