Non- convertible debentures News
According to the statement, the company will offer or invite subscriptions for secured/unsecured redeemable non- convertible debentures, in one or more series / tranches, of an aggregate nominal value up to Rs 25,000 crore on private placement.
Muthoot said funds raised through this issue will be utilised primarily for lending activities.
Private sector Axis Bank on Friday said it raised Rs 2,430 crore from debentures to fund business growth.
Adani Transmission today said the board has approved raising Rs 5,000 crore through issue of debentures or any other permissible debt securities denominated in rupees or any other foreign currency.
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