Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Muthoot Finance Ltd ( (IN:MUTHOOTFIN) ) just unveiled an announcement.
Muthoot Finance Limited has announced the pricing of USD 600 million 6.375% Fixed Rate Notes due 2030 under its USD 2 billion Global Medium Term Note Programme. The proceeds from these notes will be utilized for onward lending activities in compliance with the Foreign Exchange Management Regulations and guidelines issued by the Reserve Bank of India. This strategic move is expected to enhance Muthoot Finance’s lending capacity and strengthen its market position in the financial services sector.
More about Muthoot Finance Ltd
Muthoot Finance Limited operates in the financial services industry, primarily offering gold loans, money transfer services, and wealth management solutions. The company focuses on providing accessible financial services to a diverse customer base in India and has a significant presence in the non-banking financial sector.
Average Trading Volume: 30,222
Technical Sentiment Signal: Buy
Current Market Cap: 1081.3B INR
For a thorough assessment of MUTHOOTFIN stock, go to TipRanks’ Stock Analysis page.