Muthoot Finance Offering up to10% Interest on NCDs. Should You Invest?
Moneylife Digital Team 07 December 2019
Kerala-based Muthoot Finance Ltd plans to raise Rs790 crore from the public through an issue of secured non-convertible debentures (NCDs). Subscriptions to the tranche-4 issue of NCDs opened on 29 November 2019 and will end on 24 December 2019, or earlier, at the company’s discretion. The minimum coupon rate is 9.25%pa (per annum) and the maximum is 10%pa. The base size of the issue is...
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