Muthoot Fincorp Opens Public Bond Subscription Till May 8

Muthoot Fincorp on Thursday announced plans to raise up to ₹600 crore through a public issue of bonds.

According to the company, the bond issue offers an effective annual yield ranging from 8.84 per cent to 9.25 per cent across multiple tenure options of 24 months, 36 months, 60 months, and 72 months.

The public issue opened for subscription on April 24 and will remain available until May 8, subject to early closure or full subscription.

The fundraising exercise is expected to help the company strengthen its capital base and support future lending and business expansion plans.