Muthoot Finance Ltd is the largest gold financing company in India in terms of loan portfolio. They provide personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
Company's Gold Loan portfolio as of March 31, 2011 comprised approximately 4.7 million loan accounts in India that they serviced through 2,733 branches across 20 states, the national capital territory of Delhi and four union territories in India. They have since increased their branch network to 2,997 branches as of June 30, 2011. As of June 30, 2011, they employed 19,125 persons in operations. Muthoot headquartered in the southern Indian state of Kerala.
Option 1: The maturity date is 24 months from the date of allotment and the coupon rate is 11.75 per cent per annum.
Option 2: The maturity date is 36 months and the coupon rate is 12 per cent.
Option 3: The maturity date is 60 months and the coupon rate is 12 per cent. There are three investment categories under each option and the effective yield will vary from 11.75 per cent to 12.25 per cent.
Objects of the Issue:The funds raised through this issue will be utilised for various financing activities including lending and investments, to repay existing liabilities and to meet working capital requirements.
»» Issue Open: Aug 23, 2011 - Sep 5, 2011
»» Issue Type: Fixed Price Issue NCD
»» Issue Size: 5,000,000 NCD's of Rs. 1000
»» Issue Size: Rs. 500.00 Crore
»» Face Value: Rs. 1000 Per NCD
»» Issue Price: Rs. 1000 Per NCD
»» Market Lot: 1 NCD
»» Minimum Order Quantity: 5 NCD
»» Listing At: BSE, NSE
Listing of Secured Redeemable Non-Convertible Debentures of Muthoot Finance Limited
Date: September 16, 2011
NSE today issued a notice for the list of Muthoot Finance Limited NCD's on September 20, 2011.
Download the circular at http://www.nseindia.com/content/circulars/cmls18897.zip
Muthoot Finance NCD Rating
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Muthoot Finance NCD
Muthoot Finance NCD Messages (Muthoot Finance NCD Comments)
9. bcskal Oct 31, 2012 7:07:25 AM IST | Reply |
LISTING DATE OF MUTHOOT FINANCE NCD CLOSED ON 22.10.2012
Can anybody inform when is the listing date of the Muthoot Finance NCD, closed on 22.10.2012? Whether allotment has been done or not? Kindly inform us. Thanks.
8. Vip jpr Aug 30, 2012 12:53:55 AM IST | Reply |
Thanks Amit but Why 14th Sep?
7. Narendra Kumar SS Jan 1, 2012 11:07:42 AM IST | Reply |
Visit economicttimes dot blog spot dot com for knowing the "Key Information" on this issue.
6. jigar patel Dec 21, 2011 5:58:00 PM IST | Reply |
is this right double the money in just 66 months?
6.1. InvestmentGuru Dec 21, 2011 7:07:14 PM IST |
Yes, It is correct.
5. saurabh sancheti Sep 16, 2011 12:32:28 PM IST | Reply |
credit 500 debentures in demat account today
5.1. CHACHA Sep 16, 2011 12:46:05 PM IST |
MUTHOOT KE NCD SE ITNA KHUS MAT HO KYKI FIR 1 BAR PUBLIC KA PAISA HI BLOCKHOGA ..DISCOUNT LISTING
4. SAN Sep 14, 2011 7:36:53 AM IST | Reply |
What is difference in Bond and NCD?
3. a nagraj Sep 8, 2011 11:11:36 AM IST | Reply |
allotment may be after 16-09-2-11
3.1. ankm Sep 8, 2011 2:56:12 PM IST |
what about manappuram?
2. shafin rupani Sep 6, 2011 12:18:15 PM IST | Reply |
This bond will list @ rs 1020.........confirm news
1. SAN Sep 6, 2011 9:42:57 AM IST | Reply |
Is allotment status out?
I understand that it closed yesterday already.
Author: Chittorgarh.com Team
Date published: 9/5/2011
Rating: 3.6 out of 5