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Muthoot Microfin Ltd ( (IN:MUTHOOTMF) ) has provided an announcement.
Muthoot Microfin Limited has issued a corrigendum regarding a previous disclosure about the issuance of securities, correcting a typographical error in the number of securities. The company confirmed the issuance of 30,000 secured, rated, listed, redeemable, taxable non-convertible debentures (NCDs) in two tranches, each with a face value of ₹1,00,000, totaling ₹300 crores. This move is part of their strategy to raise capital through private placement, as approved by their board and shareholders, which is expected to strengthen their financial position and support their growth initiatives.
More about Muthoot Microfin Ltd
Muthoot Microfin Limited operates in the financial services industry, focusing on providing microfinance solutions. The company primarily offers micro-loans to underserved segments, aiming to empower small entrepreneurs and individuals in rural and semi-urban areas.
Average Trading Volume: 28,054
Technical Sentiment Signal: Strong Buy
Current Market Cap: 32.05B INR
For an in-depth examination of MUTHOOTMF stock, go to TipRanks’ Overview page.