Muthoot FinCorp Limited has announced XVI Tranche III series of secured, redeemable, non-convertible debentures (NCDs) to raise up to Rs 300 crore, which is within the issue size of Rs 1,100 crore. The third tranche amounts to Rs 75 crore, with a green-shoe option of Rs 225 crore, aggregating up to Rs 300 crore (Tranche … Read more
Mumbai: Muthoot FinCorp plans to raise up to ₹400 crore through the issuance of secured, redeemable, non-convertible debentures with varying tenures. “The Tranche I Issue with a face value of ₹1,000 has been open to the public from Friday, September 1 till Thursday, September 14, 2023, subject to an early closure as may be approved … Read more
MUMBAI: Banks shut their doors on small businesses; gold loan companies have laid out a red carpet for them. With gold hitting a record high, many small and medium enterprise (SME) owners are finding that their family stock of the yellow metal is excellent collateral. There’s been a 30-35% rise in daily gold loan applications … Read more