Muthoot Finance Is Offering 7.75% Interest on NCDs. Should You Invest?
Moneylife Digital Team 18 December 2020
Muthoot Finance, a non-banking finance company (NBFC) known for providing personal and business loans against gold or gold jewellery, plans to raise Rs100 crore through a second tranche of its issue of secured non-convertible debentures (NCDs). The NBFC plans to retain any oversubscription up to Rs900 crore, making the total size of the issue Rs1,000 crore.
The NCDs will pay a minimum 7.15%pa...
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