ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

Muthoottu Mini NCD gets Rs 108 cr oversubscription

Kochi (Kerala) [India], October 1 (ANI/ATK): Muthoottu Mini Financiers Limited's issue of non-convertible debentures (NCDs) was oversubscribed to the tune of Rs 108 crore.

ANI Oct 01, 2021 10:07 IST googleads

Mathew Muthoottu - M D, speaks on achievement. Nizzy Mathew - Chairperson, PE Mathai - CEO, Kiran James - Head Marketing were present.

Kochi (Kerala) [India], October 1 (ANI/ATK): Muthoottu Mini Financiers Limited's issue of non-convertible debentures (NCDs) was oversubscribed to the tune of Rs 108 crore.
The 15th issue had a base issue size of Rs 125 crore with an option to retain over-subscription. The NCD with a triple B Plus: Stable rating by leading credit rating agency Care Ratings, will also be listed on the BSE. The NCD Issue had various options for the subscription with coupon rates ranging from 8.75% - 10% p.a.
Commenting on the achievement, Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers Ltd, said "The achievement affirms our ability and experience to make great strides in this challenging phase. This is an inspiration to bring better services to more customers".
Muthoottu Mini currently has 8 Zonal offices and 800+ branches across 10 states, and 1 Union Territory spanning across India with over 3000+ employees.
The Assets Under Management (AUM) grew at a rate of 18 percent, interest income at 17.50 percent while Profit Before Tax (PBT) went up by 65 percent during FY 20-21.
Muthoottu Mini added 4 more lending banks taking the kitty to 10 banks and raised 700 Crore through listed public Non-Convertible Debenture (NCDs) issues.
This story is provided by ATK. ANI will not be responsible in any way for the content of this article. (ANI/ATK)

Get the App

What to Read Next

Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

Finkurve Financial Services Limited (Arvog)

Finkurve Financial Services Limited (Arvog)

Mumbai (Maharashtra) [India], March 12: Finkurve Financial Services Limited (BSE: 508954), among leading Tech-first Gold Loan NBFC, announced that the Company has crossed Rs. 1,035 crore+ in Assets Under Management (AUM) surged by nearly 10x compared to FY23, marking a significant milestone in the company's growth trajectory within India's secured lending ecosystem.

Read More
Business

Seven more districts added in 6th phase of mandatory hallmarking

Seven more districts added in 6th phase of mandatory hallmarking

The move is part of the phased implementation of mandatory hallmarking being carried out by the Bureau of Indian Standards to ensure the purity of gold jewellery and protect consumer interests.

Read More
Business

Advancing Minimally Invasive Cardiac Care

Advancing Minimally Invasive Cardiac Care

Bengaluru (Karnataka) [India], March 12: Narayana Health City has successfully completed over 100 robotic cardiac surgeries in a single month, marking a significant milestone in advanced heart care. The achievement reflects not only exceptional surgical expertise and clinical precision, but also the seamless integration of cutting-edge robotic technology to deliver consistently strong patient outcomes across adult and paediatric cases.

Read More
Business

World Kidney Day: Understanding Kidney Health Before

World Kidney Day: Understanding Kidney Health Before

New Delhi [India], March 12: On the occasion of World Kidney Day, leading kidney experts from across India come together to highlight the growing importance of kidney health and early awareness. As kidney diseases often progress silently without noticeable symptoms in the early stages, timely screening and preventive care are essential. Through their insights, these specialists emphasize the need for healthier lifestyles, regular health monitoring, and greater public awareness to help people protect their kidneys before serious complications arise.

Read More
Business

Livasa Hospitals to Enter Ludhiana with 368-Bed Multi-Speciality

Livasa Hospitals to Enter Ludhiana with 368-Bed Multi-Speciality

Ludhiana (Punjab) [India], March 12: Livasa Hospitals announces its expansion into Ludhiana with the development of a 368-bed multi-speciality tertiary care hospital, marking a significant step in strengthening its healthcare network across Punjab. The new facility will support Livasa's long-term vision of expanding its healthcare footprint to nearly 2,000 beds and improving access to advanced medical care for patients across the region.

Read More
Business

"World's first platform built on top of payments": Razorpay CEO H

Razorpay, on Thursday, announced the launch of Razorpay Agent Studio, a first-of-its-kind platform built on top of payments that allows businesses to deploy autonomous AI agents for operational tasks. The platform aims to automate various business processes, including dispute management, customer recovery, and payment reconciliations, by integrating AI directly into the payment infrastructure.

Read More
Business

IVCA Alternate Capital Excellence Awards 2026

IVCA Alternate Capital Excellence Awards 2026

Mumbai (Maharashtra) [India], March 12: The IVCA Alternate Capital Excellence Awards 2026 were presented at the 15th edition of the IVCA Conclave, organised by India's apex body for the alternate capital sector, the Indian Venture and Alternate Capital Association (IVCA). Held on Day 2 of the Conclave, the Awards honoured the institutions and individuals exemplifying excellence in performance, governance, and creating enduring value across the alternate asset ecosystem, spanning private equity, venture capital, private credit, venture debt, real estate, infrastructure, and impact investing.

Read More
Business

'Iran conflict amplifies insurance risk, but losses manageable'

'Iran conflict amplifies insurance risk, but losses manageable'

Insurers and reinsurers that provide coverage of complex risks such as marine, aviation and political violence are likely to face outsized claims as a result of the ongoing Iran conflict, said Moody's Ratings.

Read More
Business

Dt. Priyanka Jaiswal: Dietician in Delhi Making Nutrition Simple

Dt. Priyanka Jaiswal: Dietician in Delhi Making Nutrition Simple

New Delhi [India], March 12: In today's fast-moving world, food has become more confusing than ever before. Social media is filled with trending diets, quick weight-loss hacks, and conflicting nutrition advice. While these trends promise rapid results, they often leave people feeling overwhelmed and unsure about what truly qualifies as healthy eating.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.