AZB & Partners advised Muthoot Finance raise Rs. 1,700 crore via NCDs
Muthoot Finance Limited has raised 25th series of Public Issue of Secured Redeemable Non-Convertible Debentures of face
AZB & Partners advised Muthoot Finance raise Rs. 1,700 crore via NCDs Muthoot Finance Limited has raised 25th series of Public Issue of Secured Redeemable Non-Convertible Debentures of face value of Rs. 1000 each (secured NCDs). In a statement, the company said that the issue opened on 08th April, 2021 and closes on 29th April, 2021 with an option to close on such earlier date or...
AZB & Partners advised Muthoot Finance raise Rs. 1,700 crore via NCDs
Muthoot Finance Limited has raised 25th series of Public Issue of Secured Redeemable Non-Convertible Debentures of face value of Rs. 1000 each (secured NCDs). In a statement, the company said that the issue opened on 08th April, 2021 and closes on 29th April, 2021 with an option to close on such earlier date or extended date as may be decided by the board of directors or NCD committee.
The deal involves public issue of secured NCDs by Muthoot Finance Limited, aggregating to Rs. 40,000 million in one or more tranches. The Tranche III Issue involves the issuance of secured non-convertible debentures up to Rs. 17,000 million.
Edelweiss Financial Services Limited, JM Financial Limited, Equirus Capital Private Limited and A. K. Capital Services Limited are the lead managers to the issue.
The AZB & Partners team involved in the deal comprised of Srinath Dasari – Partner and Shantanu Singh – Senior Associate.