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Muthoot Finance Ltd ( (IN:MUTHOOTFIN) ) just unveiled an announcement.
Muthoot Finance Limited has announced the pricing of US$ 250 million Senior Secured Notes under its Global Medium Term Note Programme. The proceeds from these notes, which will be consolidated with an existing series, are intended for onward lending activities in compliance with regulations set by the Reserve Bank of India. This strategic move aims to bolster Muthoot Finance’s lending capabilities and strengthen its market position.
More about Muthoot Finance Ltd
Muthoot Finance Limited operates in the financial services industry, primarily offering gold loans and other financial products. The company focuses on providing accessible financial solutions to a diverse customer base, leveraging its extensive network across India.
YTD Price Performance: 4.70%
Average Trading Volume: 9,645
Current Market Cap: 931.3B INR
For an in-depth examination of MUTHOOTFIN stock, go to TipRanks’ Stock Analysis page.