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Muthoot Finance zooms on planning to raise funds

Muthoot Finance is currently trading at Rs. 621.25, up by 9.10 points or 1.49% from its previous closing of Rs. 612.15 on the BSE.

The scrip opened at Rs. 600.00 and has touched a high and low of Rs. 626.80 and Rs. 600.00 respectively. So far 2048 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 656.80 on 04-Jun-2019 and a 52 week low of Rs. 356.55 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 626.80 and Rs. 596.05 respectively. The current market cap of the company is Rs. 24529.00 crore.

The promoters holding in the company stood at 73.49%, while Institutions and Non-Institutions held 22.25% and 4.26% respectively.

Muthoot Finance is planning to raise funds in the form of loans including bank loans or by issuance of foreign currency bonds or rupee denominated bonds overseas on public/private basis in international markets. A meeting of the Board of Directors of Company is scheduled to be held on August 12, 2019 to consider the same.

Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.

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