Today news
About the same in other media
SBI buys ₹200 crore worth NCDs issued by Muthoot Fincorp
Reading now: 788
₹200 crore issued by Muthoot Fincorp, according to news agency PTI. The flagship company of 136-year-old Muthoot Pappachan Group on Tuesday said the debt issue has a five-year maturity with half-yearly being the frequency of the interest payment.
However it didn't reveal the pricing of the issue. Shaji Varghese, CEO of the company said the proceeds from the NCD issue will be utilised for onward lending, business operations and further expansion and growth plan.
Muthoot Fincorp has over 3,600 branches across the country and offers gold loans, small business loans, auto loans, home loans and loans against property, among others. More to come Milestone Alert!
Livemint tops charts as the fastest growing news website in the world
About this in other media
Maruti Suzuki to pump in Rs 38,200 crore in Gujarat economictimes.indiatimes.com /4 months ago
Texas: 21 injured in gas explosion at hotel in Fort Worth economictimes.indiatimes.com /4 months ago
Debate on India's K-shaped recovery post-pandemic is flawed: SBI livemint.com /4 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
