The company will announce its 16th series of Public Issue of Non-convertible Redeemable Debentures. “Our staff is being threatened for life if they open branches. Leading gold financing firm Muthoot Finance on Wednesday announced closure of 15 of its branches in various parts of Kerala through newspaper advertisement. New Delhi: Muthoot Finance on Tuesday reported a 2.5 per cent increase in consolidated net profit at Rs 930.80 crore for the second quarter ended September of the current fiscal year.The company had posted a net profit of Rs 908.54 crore in the same quarter of previous fiscal year. New Delhi , Jan 17 : Largest gold financing company in India Muthoot Finance Ltd. will open the public issue of its Non-Convertible Debentures – Secured and Unsecured (NCDs) from today. New Delhi , Jan 17 :  Largest gold financing company in India Muthoot Finance Ltd. will open the public issue of its Non-Convertible Debentures – Secured and Unsecured (NCDs) from today. 1,000 each aggregating up to Rs. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". 900 crore i.e. Muthoot Finance view the splits of various companies, splits history. Copyrights © 2021 Business Standard Private Ltd. All rights reserved. The funds raised through this issue will be utilized primarily for lending activities of the company. Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, is one of the largest NBFCs in India, registered with the Reserve Bank of India. Subscription Detail Qualified Institutional Buyers (QIBs): 25.01 Times Fri, 01 Jan 2021 07:59:00 GMT. Muthoot Finance Ltd. is a gold financing company. Also Read - Muthoot Finance net profit up 9% at Rs 483 crore in Q2, The rating scale indicates ‘High degree of safety regarding timely servicing of financial obligations and very low credit risk’. The issue opens on January 17, 2017 and closes on February 17, 2017 with an option to close earlier and/or extend up to a period as may be determined by a duly authorized committee of the board. ranging from 8.25 percent to 9.25 percent for retail investors. 1400 crore (“Shelf Limit”). View their active gold loans and outstanding interest and payment details, along with any additional eligible loan amount available to withdraw (Topup) The Company is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. Given the current liquidity condition and low interest rates offered on bank deposits, the rate of interest offered in the current issue will be an attractive investment option for retail investors. Muthoot Finance share price closed at: 1210.75 Muthoot Finance share price made a High of: 1215.90 Muthoot Finance share price made a low of: 1196.65. Copyright © 2021. Out of 623 branches in Kerala, 265 were opened for transactions today of which 15 branches have been forcibly closed. Muthoot Finance is coming up with secured NCD bonds Issue that would open for subscription on October 27, 2020. IDBI Trusteeship Services Limited is the Debenture Trustee. The Company provides personal and business loans secured by gold jewellery, or Gold Loans primarily to … Muthoot Finance Limited is leading NBFC company in India. Management Team of Muthoot Finance Ltd. Company including its chairman, board of directors and other executive at Muthoot Finance Ltd. Organisations. Muthoot Finance expects gold loan portfolio to grow 15-20% in 2020-21: Managing Director The Economic Times 20-07-2020 Muthoot Finance, up over 70% this year, may soon get added to MSCI India Index Muthoot Finance Ltd Price movement for today Created with Highstock 6.0.7 Nov '17 Dec '17 Jan '18 Feb '18 Mar '18 Apr '18 May '18 Jun '18 Jul '18 Aug '18 … For the quarter ended June 2020, Muthoot Finance posted a 53.46 per cent YoY rise in its consolidated net profit at Rs 853.51 crore. Shares of Muthoot Finance closed largely flat at Rs 477.45 on Thursday on the BSE. Do not respond to such mails. Muthoot Online Allow Customers to: Register or login using their mobile number registered at the respective Muthoot Finance branches. 100 crore, totaling up to Rs. Meanwhile, in a filing at Bombay Stock Exchange, Muthoot Finance states that though large majority of our employees are not part of this strike, they are unable to open branches because of the threats of forcible closure. The issue is rated by two Credit Rating Agencies – CRISIL and ICRA. Muthoot Finance Ltd crashed 5.25% to Rs 1190.05 at 14:53 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.66 lakh shares were traded on the counter so far as against the average daily volumes of 1.79 lakh shares in the past one month. Gold loan lender Muthoot Finance, which is bearing the brunt of the strike by a section of workers in Kerala, has scotched rumours that it … Muthoot Finance has received bids for 1,07,46,26,600 shares as against issue size of 4,37,75,000 shares. Team Business Standard, Ladakh: Indian, China hold ninth round of senior military-level talks, Protesting farmers assure peaceful Kisan Gantantra Parade on Jan 26, Pakistan approves emergency use of Russia's Sputnik V Covid-19 vaccine. Stock analysis for Muthoot Finance Ltd (MUTH:Natl India) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Muthoot Finance IPO was open on Apr 18, 2011 and closed today on Apr 21, 2011 for subscription. For the quarter ended June 2020, Muthoot Finance posted a 53.46 per cent YoY rise in its consolidated net profit at Rs 853.51 crore. Total income grew 17.4 per cent to Rs 2,824.19 crore during July … Muthoot Finance Ltd Price movement for today Created with Highcharts 7.2.1 Feb '20 Mar '20 Apr '20 May '20 Jun '20 Jul '20 Aug '20 Sep '20 Oct '20 Nov '20 … The NCDs are proposed to be listed on BSE Limited. These threats are made by CITU workers which is the affiliate of Communist Party of India-Marxist … Muthoot Finance NCD interest rates are up to 7.75% and yield works out up to 8%. Muthoot Finance shares have traded lower throughout today's session as the company grapples with frequent union strikes in several of its Kerala branches. There are ten investment options for Secured NCDs with Monthly or Annual interest payment frequency or on maturity redemption payments with effective yield p.a. Both agencies have awarded long term debt rating of ‘AA/Stable’ for the debentures offered under the issue. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Published Date: January 17, 2017 1:03 PM IST. 1,000 each aggregating up to Rs. 2020 and closed on October 23, 2020. Here's a list of stocks that may trade actively in today's session. It has filed a shelf prospectus for issue of Secured Redeemable Non-Convertible Debentures (“Secured NCDs”) of face value of Rs. Also Read - Muthoot Finance Q1 net rises 43% to Rs 492 cr. The investment option for Unsecured NCDs is a scheme which doubles the invested amount in 96 months with an effective yield p.a. “This is the first public issue by the Company after rating upgrade by CRISIL and ICRA on our long term debt instruments to ‘AA/Stable’. Yesterday, 224 branches were opened for transactions of which 47 were forcibly closed. Muthoot Finance Limited is a gold financing company. Get answers to your biggest company questions on Indeed. Find 7 answers to 'How are the working hours at Muthoot Finance?' 200 crore with an option to retain oversubscription up to shelf limit of Rs. By Express News Service KOCHI: There is no respite to the stir between CITU and the management of gold-loan company Muthoot Finance. 12.11 pm | 5 Jan 2021 | Business Standard, The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels, 8.12 am | 29 Dec 2020 | Business Standard, L&T stock has witnessed a build-up of long positions with the addition of 6 per cent open interest, 4.32 pm | 25 Nov 2020 | Business Standard, 9.17 am | 25 Nov 2020 | Business Standard. Muthoot Finance was originally incorporated as a private limited company on March 14, 1997 with the name “The Muthoot Finance Private Limited” under the Companies Act. Gold loans by Muthoot Finance allow you to access funds in lieu of your gold jewellery, ornaments, etc. in total Rs. 1400 crore (“Tranche I issue”). Muthoot Finance's business in Kerala is only 4.57 per cent, that is Rs 1,600 crore of its total gold loan portfolio of Rs 35,000 crore. from Muthoot Finance employees. A gang burgled a branch of Muthoot Finance Limited situated in Lingarajpuram and made away with 70 kg of gold valuables worth ₹16 crore on Sunday night. Link Intime India Private Limited is the Registrar to the Issue. Muthoot Finance Ltd Sanctions loans only against pledge of gold ornaments. Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country. We can witness short-covering move along with addition of fresh position only if Nifty breaches 12,300, 9.14 pm | 3 Nov 2020 | Press Trust of India, The company had posted a net profit of Rs 908.54 crore in the same quarter of previous fiscal year, The momentum indicators and oscillators are in the buy mode on the daily scale for Muthoot Finance, 12.27 am | 21 Aug 2020 | Business Standard, Concerns remain over asset quality of non-gold biz, 12.24 pm | 20 Aug 2020 | Business Standard. Gold prices climb to 8-week high; is it time to invest in gold financiers? 12.24 pm | 20 Aug 2020 | Business Standard. All Rights Reserved. Zee Entertainment Enterprises Limited. Also Read - Gold worth Rs 10 crore looted in Bihar, The Tranche issue is with a base issue size of Rs. ... and cut open … The lead managers to the issue are Edelweiss Financial Services Limited and A. K. Capital Services Limited. We have allocated 70 percent of the issue for retail investors,” said George Alexander Muthoot. We will communicate you only through the mail ID mails@muthootgroup.com. “Muthoot Finance selected Baring India to join its shareholder family when it diluted promoter stake for the first time in 2010. Muthoot Finance Ltd IPO finally subscribed 24.55 times on its closing day. 100 crore with an option to retain an addition subscription of up to Rs. Muthoot Finance shares slip 5% after June quarter result; brokerages mixed. Here's a list of stocks that may trade actively in today's trading session. Muthoot Finance Limited is a “Systemically Important Non-Deposit Taking NBFC” (NBFC-ND-SI) headquartered in the south Indian state of Kerala. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel and tourism services, and sells gold coins. Muthoot Finance net profit up 9% at Rs 483 crore in Q2, Muthoot Finance Q1 net rises 43% to Rs 492 cr. Spokespersons for Baring India, however, could not be reached for comments. Muthoot Finance, a leading gold financing NBFC firm, has opened its NCD issue to raise Rs. 4.00 pm | 19 Aug 2020 | Business Standard, 8.53 am | 19 Aug 2020 | Business Standard. Enjoy Reading! A woman rides her scooter past a Muthoot Finance branch (Reuters) KOCHI: The Muthoot Finance will be permanently shutting down 300 of its 611 branches in Kerala, said compay's managing director George Alexander Muthoot. The Company operates through two s egments: Financing and Power Generation. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. For the past 133 years, the company has been providing trusted services to over 2.5 lakh people daily. Muthoot Finance has the largest gold loan portfolio in India among NBFCs. 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