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KOCHI: Muthoot FinCorp Ltd, the flagship company of the Muthoot Pappachan Group and one of the largest non-bank finance companies in the country, is launching its first public issue of secured, redeemable non-convertible debentures (NCD) on July 3.
Its maiden NCD issue will have a face value of Rs 1,000 each aggregating up to Rs 100 crore, with an option to retain oversubscription up to another Rs 100 crore.
The NCD issue, which offers 10 investment options and an effective yield of up to 12 per cent per annum, will close on August 4. The minimum investment amount per application under all options is Rs 10,000. The funds raised through the issue will be utilised for giving out loans.
The NCDs will be made available to investors through 3,831 Muthoot FinCorp branches across the country and the Bombay Stock Exchange, the company said.
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: