8.00 am | 17 Aug 2020 | Business Standard, The stock of ABB has maintained a good base near 890 levels and has picked up momentum to improve the bias, 10.17 pm | 14 Aug 2020 | Business Standard, Cheap deposit money, which helps offer low lending rates, gives banks the edge over gold loan companies. Muthoot Finance Ltd Sanctions loans only against pledge of gold ornaments. Muthoot Finance net profit up 9% at Rs 483 crore in Q2, Muthoot Finance Q1 net rises 43% to Rs 492 cr. New Delhi , Jan 17 : Largest gold financing company in India Muthoot Finance Ltd. will open the public issue of its Non-Convertible Debentures – Secured and Unsecured (NCDs) from today. New Delhi , Jan 17 :  Largest gold financing company in India Muthoot Finance Ltd. will open the public issue of its Non-Convertible Debentures – Secured and Unsecured (NCDs) from today. of 9.06 percent for retail investors. “This is the first public issue by the Company after rating upgrade by CRISIL and ICRA on our long term debt instruments to ‘AA/Stable’. Team Business Standard, Ladakh: Indian, China hold ninth round of senior military-level talks, Protesting farmers assure peaceful Kisan Gantantra Parade on Jan 26, Pakistan approves emergency use of Russia's Sputnik V Covid-19 vaccine. All Rights Reserved. Muthoot Finance Limited is a “Systemically Important Non-Deposit Taking NBFC” (NBFC-ND-SI) headquartered in the south Indian state of Kerala. 4.00 pm | 19 Aug 2020 | Business Standard, 8.53 am | 19 Aug 2020 | Business Standard. Out of 623 branches in Kerala, 265 were opened for transactions today of which 15 branches have been forcibly closed. Muthoot Finance view the splits of various companies, splits history. Muthoot Fincorp has over 3600 branches across India with an average walk in of over 1,00,000 customers per day. Here's a list of stocks that may trade actively in today's trading session. 2020 and closed on October 23, 2020. Zee Entertainment Enterprises Limited. Also Read - Muthoot Finance net profit up 9% at Rs 483 crore in Q2, The rating scale indicates ‘High degree of safety regarding timely servicing of financial obligations and very low credit risk’. Read more on Latest Business News on India.com. 1400 crore (“Tranche I issue”). Published Date: January 17, 2017 1:03 PM IST. in total Rs. The Company operates through two s egments: Financing and Power Generation. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Total income grew 17.4 per cent to Rs 2,824.19 crore during July … A woman rides her scooter past a Muthoot Finance branch (Reuters) KOCHI: The Muthoot Finance will be permanently shutting down 300 of its 611 branches in Kerala, said compay's managing director George Alexander Muthoot. Trading ideas by Nilesh Jain of Anand Rathi: Buy L&T, IDFC First Bank, Sensex tanks 997 pts from day's high, breaches 44K; Nifty ends at 12,858, Stocks to watch: Muthoot Finance, Sreeleathers, Tata Chemicals, banks, SBI, Nifty to find support in the zone of 12,100: Gaurav Garg of CapitalVia, Muthoot Finance net profit rises 2.5% to Rs 931 cr in September quarter, Stock tips by Nilesh Jain of Anand Rathi: Buy Muthoot Finance, Bandhan Bank, Muthoot's strong Q1 show fails to cheer investors, stock sheds 4%, Muthoot Finance shares slip 5% after June quarter result; brokerages mixed, MARKET WRAP: Indices gain for 3rd day, Sensex up 86 pts; PSU banks rally, Stocks to watch: RIL, Indiabulls Real Estate, ZEEL, HAL, Muthoot Finance, Stock picks by Vaishali Parekh of Prabhudas Lilladher: Buy Muthoot Fin, ABB, State Bank of India targets 3x growth in retail, MSME gold loans, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). Muthoot Finance's business in Kerala is only 4.57 per cent, that is Rs 1,600 crore of its total gold loan portfolio of Rs 35,000 crore. It has filed a shelf prospectus for issue of Secured Redeemable Non-Convertible Debentures (“Secured NCDs”) of face value of Rs. Muthoot Finance Limited is leading NBFC company in India. Here's a list of stocks that may trade actively in today's session. Muthoot Finance shares have traded lower throughout today's session as the company grapples with frequent union strikes in several of its Kerala branches. Subscription Detail Qualified Institutional Buyers (QIBs): 25.01 Times Muthoot Finance shares slip 5% after June quarter result; brokerages mixed. Muthoot Finance expects gold loan portfolio to grow 15-20% in 2020-21: Managing Director The Economic Times 20-07-2020 Muthoot Finance, up over 70% this year, may soon get added to MSCI India Index Spokespersons for Baring India, however, could not be reached for comments. Muthoot Finance Ltd. is a gold financing company. Do not respond to such mails. Get answers to your biggest company questions on Indeed. Muthoot Finance Limited is a gold financing company. The Company is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. Muthoot Online Allow Customers to: Register or login using their mobile number registered at the respective Muthoot Finance branches. By Express News Service KOCHI: There is no respite to the stir between CITU and the management of gold-loan company Muthoot Finance. Muthoot Finance Ltd Price movement for today Created with Highcharts 7.2.1 Feb '20 Mar '20 Apr '20 May '20 Jun '20 Jul '20 Aug '20 Sep '20 Oct '20 Nov '20 … We can witness short-covering move along with addition of fresh position only if Nifty breaches 12,300, 9.14 pm | 3 Nov 2020 | Press Trust of India, The company had posted a net profit of Rs 908.54 crore in the same quarter of previous fiscal year, The momentum indicators and oscillators are in the buy mode on the daily scale for Muthoot Finance, 12.27 am | 21 Aug 2020 | Business Standard, Concerns remain over asset quality of non-gold biz, 12.24 pm | 20 Aug 2020 | Business Standard. 12.11 pm | 5 Jan 2021 | Business Standard, The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels, 8.12 am | 29 Dec 2020 | Business Standard, L&T stock has witnessed a build-up of long positions with the addition of 6 per cent open interest, 4.32 pm | 25 Nov 2020 | Business Standard, 9.17 am | 25 Nov 2020 | Business Standard. from Muthoot Finance employees. We will communicate you only through the mail ID mails@muthootgroup.com. IDBI Trusteeship Services Limited is the Debenture Trustee. For the past 133 years, the company has been providing trusted services to over 2.5 lakh people daily. These threats are made by CITU workers which is the affiliate of Communist Party of India-Marxist … Enjoy Reading! The NCDs are proposed to be listed on BSE Limited. Shares of Muthoot Finance closed largely flat at Rs 477.45 on Thursday on the BSE. Yesterday, 224 branches were opened for transactions of which 47 were forcibly closed. The issue opens on January 17, 2017 and closes on February 17, 2017 with an option to close earlier and/or extend up to a period as may be determined by a duly authorized committee of the board. For the quarter ended June 2020, Muthoot Finance posted a 53.46 per cent YoY rise in its consolidated net profit at Rs 853.51 crore. Muthoot Finance share price closed at: 1210.75 Muthoot Finance share price made a High of: 1215.90 Muthoot Finance share price made a low of: 1196.65. Muthoot Finance was originally incorporated as a private limited company on March 14, 1997 with the name “The Muthoot Finance Private Limited” under the Companies Act. Also Read - Gold worth Rs 10 crore looted in Bihar, The Tranche issue is with a base issue size of Rs. Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, is one of the largest NBFCs in India, registered with the Reserve Bank of India. For the quarter ended June 2020, Muthoot Finance posted a 53.46 per cent YoY rise in its consolidated net profit at Rs 853.51 crore. Fri, 01 Jan 2021 07:59:00 GMT. Muthoot Finance IPO was open on Apr 18, 2011 and closed today on Apr 21, 2011 for subscription. 1,000 each aggregating up to Rs. The Company provides personal and business loans secured by gold jewellery, or Gold Loans primarily to … 1400 crore (“Shelf Limit”). Stock analysis for Muthoot Finance Ltd (MUTH:Natl India) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Both agencies have awarded long term debt rating of ‘AA/Stable’ for the debentures offered under the issue. Muthoot Finance has the largest gold loan portfolio in India among NBFCs. ranging from 8.25 percent to 9.25 percent for retail investors. ... and cut open … Muthoot Finance Ltd crashed 5.25% to Rs 1190.05 at 14:53 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.66 lakh shares were traded on the counter so far as against the average daily volumes of 1.79 lakh shares in the past one month. Gold prices climb to 8-week high; is it time to invest in gold financiers? 1,000 each aggregating up to Rs. View their active gold loans and outstanding interest and payment details, along with any additional eligible loan amount available to withdraw (Topup) Muthoot Fincorp launches NCDs to raise ?200 cr. Muthoot Finance Ltd Price movement for today Created with Highstock 6.0.7 Nov '17 Dec '17 Jan '18 Feb '18 Mar '18 Apr '18 May '18 Jun '18 Jul '18 Aug '18 … 12.24 pm | 20 Aug 2020 | Business Standard. Gold loans by Muthoot Finance allow you to access funds in lieu of your gold jewellery, ornaments, etc. “Muthoot Finance selected Baring India to join its shareholder family when it diluted promoter stake for the first time in 2010. Find 7 answers to 'How are the working hours at Muthoot Finance?' “Our staff is being threatened for life if they open branches. The issue is rated by two Credit Rating Agencies – CRISIL and ICRA. Management Team of Muthoot Finance Ltd. Company including its chairman, board of directors and other executive at Muthoot Finance Ltd. Organisations. New Delhi: Muthoot Finance on Tuesday reported a 2.5 per cent increase in consolidated net profit at Rs 930.80 crore for the second quarter ended September of the current fiscal year.The company had posted a net profit of Rs 908.54 crore in the same quarter of previous fiscal year. Gold loan lender Muthoot Finance, which is bearing the brunt of the strike by a section of workers in Kerala, has scotched rumours that it … 900 crore i.e. The funds raised through this issue will be utilized primarily for lending activities of the company. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Muthoot Finance, a leading gold financing NBFC firm, has opened its NCD issue to raise Rs. Kindly visit the Manage my subscription page to discover the benefits of this programme. There are ten investment options for Secured NCDs with Monthly or Annual interest payment frequency or on maturity redemption payments with effective yield p.a. We have allocated 70 percent of the issue for retail investors,” said George Alexander Muthoot. 200 crore with an option to retain oversubscription up to shelf limit of Rs. 100 crore with an option to retain an addition subscription of up to Rs. The lead managers to the issue are Edelweiss Financial Services Limited and A. K. Capital Services Limited. Copyrights © 2021 Business Standard Private Ltd. All rights reserved. Leading gold financing firm Muthoot Finance on Wednesday announced closure of 15 of its branches in various parts of Kerala through newspaper advertisement. The investment option for Unsecured NCDs is a scheme which doubles the invested amount in 96 months with an effective yield p.a. Link Intime India Private Limited is the Registrar to the Issue. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel and tourism services, and sells gold coins. Muthoot Finance Ltd IPO finally subscribed 24.55 times on its closing day. 100 crore, totaling up to Rs. Muthoot Finance has received bids for 1,07,46,26,600 shares as against issue size of 4,37,75,000 shares. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Meanwhile, in a filing at Bombay Stock Exchange, Muthoot Finance states that though large majority of our employees are not part of this strike, they are unable to open branches because of the threats of forcible closure. The company will announce its 16th series of Public Issue of Non-convertible Redeemable Debentures. Also Read - Muthoot Finance Q1 net rises 43% to Rs 492 cr. Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country. 1300 crore and Unsecured Redeemable Non-Convertible Debentures (“Unsecured NCDs”) of face value of Rs. Copyright © 2021. Muthoot Finance NCD interest rates are up to 7.75% and yield works out up to 8%. Detailed analysis of what to do in Intraday & BTST tips for Muthoot Finance are here 52 week High of Muthoot Finance: 1405.75 52 week Low of Muthoot Finance: 476.80 A gang burgled a branch of Muthoot Finance Limited situated in Lingarajpuram and made away with 70 kg of gold valuables worth ₹16 crore on Sunday night. Muthoot Finance is coming up with secured NCD bonds Issue that would open for subscription on October 27, 2020. Given the current liquidity condition and low interest rates offered on bank deposits, the rate of interest offered in the current issue will be an attractive investment option for retail investors. 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