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
8 Most Unique Places In North India To Visit In April
Enhance Your Home with These 5 Stunning Creepers
Inside Stories Of Salman Khan’S Eid Bash
Top 5 Must-Visit Summer Destinations
Want to Stay Fit & Detox? 6 Health Perks of Fasting in Navratri
5 Refreshing Indian Dishes For A Perfect Summer Lunch
Ghibli Studio’s Latest Trend: Everything You Need To Know
5 Indian Cities To Witness Cherry Blossoms In April
8 Diabetes-Friendly Summer Fruits To Enjoy
Wake Up To Weight Loss: 5 Morning Habits That Work!
5 Colorful & Healthy Smoothie Recipes To Brighten Your Day
From Wood To Wonder: The Magical Journey Of Crafting A Sitar!
5 Incredible Benefits Of Eating Dates Every Day
5 Powerful Indian Drinks To Strengthen Your Immunity
Unlock The Power Of Jackfruit Seeds: Top 5 Health Benefits
Delicious Ways To Add Cinnamon To Your Diet
Top 5 Nutrient-Rich Soaked Foods To Add To Your Diet
CMD Upendrra Rai On AI’s Role In Shaping Future Employment At SATCAB 2025
5 Quick & Effective 5-Minute Workouts For Busy Schedules
5 Creative Ways To Boost Your B12 With Fruits & Fortified Foods
To read more such news, download Bharat Express news apps