Muthoot Finance Ltd (MFL) 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.
They are a 'Systemically Important Non-deposit taking NBFC' headquartered in the south Indian state of Kerala. In addition to Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies, and have commenced providing collection agency services. They also operate three windmills in the state of Tamil Nadu.
The promoters of the company are:
1. M G George Muthoot,
2. George Alexander Muthoot,
3. George Thomas Muthoot,
4. George Jacob Muthoot
The Net Proceeds raised through this Issue will be utilised for following activities in the ratio provided as below:
a) For the purpose of lending- 75% of the amount raised and allotted in the Tranche I Issue
b) For General Corporate Purposes- 25% of the amount raised and allotted in the Tranche I Issue
»» Issue Open: Apr 11, 2017 - May 10, 2017
»» Issue Type: Fixed Price Issue NCD
»» Issue Size: 2,000,000 NCD's of Rs. 1000
»» Issue Size: Rs. 200.00 Crore
»» Face Value: Rs. 1000 Per NCD
»» Issue Price: Rs. 1000 Per NCD
»» Market Lot: 10 NCD
»» Minimum Order Quantity: 10 NCD
»» Listing At: BSE
This issue is rated ICRA AA/Stable and CRISIL AA/Stable. The rating of the Secured NCDs and Unsecured NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations.
NCDs have tenure of 400 days, 18 months, 24 months, 38 months and 60 months. It offers coupon rates ranging from 8.15% to 9% based on the tenure and the interest payment options.
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Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Fax: +91-22-4918 6060
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