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Mumbai: Gold loan financier Muthoot FinCorp Ltd on Monday said it will raise up to 300 crores by selling non-convertible debentures to individual investors.
The minimum amount of investment is 10,000 and the firm will offer schemes in various maturities ranging from 400 days to 72 months, the company said in a press release.
The interest rate will be 10.25-12.25% per annum. “The funds raised through this issue will be utilized by the company for building up of loan portfolio,” Muthoot FinCorp said.
The Kerala-based non-banking finance company also offers money transfer, foreign exchange, insurance, and wealth management services, besides gold loans.
It has been brought to our notice that certain individuals are receiving fraudulent emails, phone calls, and messages, etc, about job vacancies with Muthoot FinCorp and they are also being asked to deposit money in certain bank accounts.
Please be informed that such communications and practices are completely mala fide and sent with an intent to defraud the public and bring disrepute to the goodwill of our Company. Our Company does not ever demand any fee/money against recruitment nor for the application/interview process.
The public at large is hereby cautioned not to be misled by any such communications received through emails, message or any other communication mode.
Please contact us for further information about the genuineness or otherwise of such communications at: