Muthoot Finance today said it will raise Rs 6,000 crore through public issue of non-convertible debentures (NCDs).
Muthoot Finance reported 40.3 percent jump in standalone net profit at Rs 451.39 crore for March quarter on the back of diversification of loan portfolio.
Muthoot Finance said it will raise up to Rs 3,000 crore in debt, to help it to expand its loan book.
Total income grew by 16 per cent to Rs 1,567 crore during the quarter, as against Rs 1,346 crore in the same period last fiscal, the company said.
According to the latest data with Sebi, companies have raised funds totalling Rs 4,125 cr through retail issuance of NCDs in the Apr-Dec period.
Muthoot Finance, the flagship company of the Muthoot Group, has launched a new loan scheme targetting small and medium enterprises for their working capital requirements.
Gold finance company Muthoot Finance launched a new loan scheme targeted at Small and Medium Enterprises (SME) for their working capital requirements.
Muthoot Finance, the flagship company of the Muthoot Group has launched a new loan scheme targeted at the small and medium enterprises.
The company's net profit stood at Rs 270 crore in the April-June quarter of previous fiscal.
NSE has decided to admit 15 companies including Reliance Defence and Engineering and Muthoot Finance on its futures and options segment, from March 31.
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