Muthoot Fincorp’s non-convertible debentures (NCDs) were purchased by the State Bank of India for Rs 200 crore.
The flagship company of 136-year-old Muthoot Pappachan Group announced on Tuesday that the loan offer has a five-year maturity with interest payments made half-yearly.
However, it did not announce the issue’s price.
According to Shaji Varghese, CEO of the company, the proceeds from the NCD offering will be used for future lending, business operations, and additional expansion and growth plans.
Muthoot Fincorp has approximately 3,600 branches across the country and offers among other things, gold loans, small business loans, auto loans, home loans, and loans against property.
Also read: Ukraine Claims Russian Ships Suspected Of Transporting Drones Destroyed
5 Must-Have Dishes On Eid
5 Hidden Downsides Of Scrolling Reels
Must-Visit Places In Delhi This Summer
7 Instagram-Worthy Libraries You Can Visit In India
5 Cosy Book Cafés To Visit In India This Monsoon
5 Hidden Hill Stations In India You Need To Explore
Sugar-Free Summer: Traditional Indian Coolers With A Healthy Twist
World No Tobacco Day 2025: Raising Awareness To Quit Tobacco
6 Mountain Retreats Perfect For A Soulful Escape
6 Rice Bowl Combos You Must Try
5 Delicious Desserts You Can Make Without Baking
7 Easy Toast Toppings You’ve Never Tried But Should
6 Scenic Train Journeys Across India You Shouldn’t Miss
7 Indian Destinations To Visit On A Full Moon Night
Eat Smart: Health Benefits Of Adding Ragi To Your Diet
Mother’s Day 2025: Creative DIY Gift Ideas Straight From The Kids
From Akash to S-400: How India’s 7 Top Air Defence Systems Operate!
6 DIY Bath Bombs That Feel Like A Spa Day
Beat The Heat: India’s Top 6 Traditional Summer Sips
5 DIY Ice Cream Toppings That Are Better Than Store-Bought
To read more such news, download Bharat Express news apps