Gold financing company Muthoot Finance is set to tap the capital market with a public issue of 51.5 lakh equity shares of face value Rs 10 each on April 18.
The issue will constitute 13.85% of the fully diluted post issue paid-up equity share capital of the company.
It is the largest gold financing company in India in terms of loan portfolio.
It provides personal and business loans secured by gold jewellery, or gold loans, primarily to individuals.
Issue proceeds will be mainly used for augmenting capital base to meet future capital requirements to provide for funding of loans to customers.
Issue will close on April 21.
ICICI Securities Limited, Kotak Mahindra Capital Company Limited and HDFC Bank Limited are the book running lead managers to the issue.( The lead merchant bankers appointed by the Issuer Company are referred to as the Book Running Lead Managers)
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
Posts
www.tourismworlds.com
It is very good for anyone to make a lot of contribution in knowing about the different types of good things there. This is really a special moment in knowing about the proper things there.
Financial Planning