08 Aug 2024

Muthoot Microfin Rises Slightly After Raising Rs 66.40 Crore via NCDs

Muthoot Microfin's stock is currently trading at Rs. 226.90, marking a slight increase of 0.20 points or 0.09% from its last close of Rs. 226.70 on the BSE.

The stock opened at Rs. 228.00 and fluctuated between a high of Rs. 229.00 and a low of Rs. 226.00. A total of 4942 shares have changed hands so far.

This BSE 'B' group stock, with a face value of Rs. 10, reached a 52-week high of Rs. 280.80 on December 26, 2023, and a 52-week low of Rs. 196.10 on March 14, 2024.

In the past week, the stock hit a high of Rs. 243.55 and a low of Rs. 226.00. The company's current market capitalization stands at Rs. 3866.76 crore.

Promoters hold 55.47% of the company, while institutions and non-institutions hold 28.83% and 15.70%, respectively.

Muthoot Microfin successfully raised Rs. 66.40 crore by issuing 6,640 Secured Rated, Listed, Redeemable, Taxable, Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000 each through private placement.

The debenture issue and allotment committee of Muthoot Microfin approved the allotment during its meeting on August 06, 2024.

Muthoot Microfin focuses on providing financial support through microloans to women involved in small-scale income-generating activities.