Wednesday, Dec 8 2021 | Time 09:06 Hrs(IST)
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Business Economy


Muthoottu Mini NCDs oversubscribed to tune of Rs 108 crore

Kochi, Sep 21 (UNI) 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 agencies Care Ratings and India Ratings, will also be listed on the BSE, Mr Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers Limited, said in a release here on Tuesday.
The NCD Issue had various options for the subscription with coupon rates ranging from 8.75% - 10.47% per annum.
"The achievement affirms our ability and experience to make great strides in this challenging phase, he said and added that this is an inspiration to bring better services to more customers."
Mr Mathew said this while attending the company meeting, which was attended by Ann Mary George, CFO, Nizzy Mathew-Chairperson, PE Mathai, CEO, Kiran James, Head Marketing and K S Smitha, Company Secretary.
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