Muthoot Finance to use secured redeemable NCDs to raise Rs 3 billion

30 Nov 2022 CW Team

Muthoot Finance has announced the launch of its 29th series of secured redeemable non-convertible debentures (NCD) with a face value of Rs 1,000 each. The issue offers a 7.75 per cent to 8.25 per cent rate of return to retail and high net worth individual investors. In comparison to the previous issue, the interest rate has been raised by 0.25-0.35 per cent per year. ICRA rates the proposed NCD issue as AA+ (stable), indicating a high level of safety. The issue has a Rs 750 million base issue size with an option to retain oversubscription up to Rs 2.25 billion, for a total tranche limit of Rs 3 billion (issue).

The issue is scheduled to begin on November 28 and end on December 19, with the option of closing on a much earlier or later date, as determined by the board of directors or NCD committee. The NCDs would be listed on the Bombay Stock Exchange. The allocation will be done on a first-come, first-served basis.

Also read:
SWAMIH fund okays Rs 2.07 bn for stalled Noida project
East Coast Road in TN to be widened in Rs 70 bn project

Infrastructure Urban

30 Oct 2025

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..