Muthoot Finance Offering up to 8% Interest on NCDs. Should You Invest?
Kerala-based Muthoot Finance Ltd (MFL) plans to raise Rs4,000 crore from the public through an issue of secured non-convertible debentures (NCDs). Subscriptions to tranche-1 issue of the NCDs for Rs2,000 crore (out of the total shelf limit of Rs4,000 crore) open on 27 October 2020 and will close on 20 November 2020, or earlier, at the company’s discretion. The NCDs offer a minimum coupon...
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