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Muthoottu Mini Financiers Ltd. NCD Details

The Muthoottu Mini Financiers Ltd. installed in 1998. It is a non-store taking the non-banking monetary organization. The organization mostly associated with individual and business advances.

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Muthoottu Mini Financiers Ltd. NCD Details

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  1. Muthoottu Mini Financiers Ltd. NCD Details Muthoottu Mini Financiers Ltd. NCD Subscription Period From 9th September To 6th October 2020: The Muthoottu Mini Financiers Ltd. installed in 1998. It is a non-store taking the non-banking monetary organization. The organization mostly associated with individual and business advances. The NCD membership period began on September ninth and it will end on october sixth, 2020. NCD Details: Offer Period 9th September to sixth October 2020 Security Name Muthoottu Mini Financiers Ltd. Security Type Debentures Secured, Redeemable, Non-Convertable Issue Size (Base)Rs.100 Cr Issue Size (Shelf) Rs. 100 Cr Issue Price Rs. 1,000 for every NCD Face Value Rs. 10 for every each NCD Least Lot Size 10 NCD Market Lot 1 NCD Posting At BSE Creadit Rating IND BBB (standpoint Stable) by India Ratings Tenor 24, 36 ,50 ,60 ,85 months and 480 days Muthoottu Mini Financiers Limited intends to raise a base issue size of Rs. 100 cr. At first, every financial specialist needs to

  2. contribute at least 10 NCDs with a market parcel of 1 NCD. The assumed worth of this store is Rs. 1,000 for each NCD. It additionally gives distinctive loan costs and residencies of two years, three years, 60 months. Muthoottu Mini Financiers Ltd. Coupon Rates: Series Frequency Tenure Coupon Rate Maturity Amount I Monthly 480 Days 9.50%Rs. 1,000 II Monthly 24 Months 9.75% Rs. 1,000 III Cumulative 24 Months NARs. 1,205 IV Monthly 36 Months 10.00% Rs. 1,000 V Cumulative 50 Months NARs. 1,500 VI Monthly 60 Months 10.50% Rs. 1,000 VIICumulative 85 Months NARs. 2,000 The Muthoottu Mini Financiers allocated 10,00,000 NCD's from that it distributed 1,00,000 NCD's for QIB. So also, it apportioned 4,00,000 and 5,00,000 NCDs for NIIs and HNIs separately. The Indian Rating Agency evaluated the NCD as IND BBB (Outlook Stable). It will be recorded on the Bombay Stock Exchange (BSE). Disclaimer: This article gives data about the plan. It doesn't offer any guidance or suggestion. If it's not too much trouble counsel your money related consultant before contributing.

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