Muthoot Capital Services Ltd. has raised ₹100 million worth of commercial paper, strengthening its short-term funding strategy. The move is part of the company's liquidity management, facilitating optimal utilization of capital for business expansion.
Key Highlights:
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₹100 million mobilized through issuing commercial paper.
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Capital to be deployed in business development and working capital.
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Consistent with RBI regulations for structured debt securities.
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Short-term maturity offers flexibility in budgeting.
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Strengthens liquidity position amid evolving market conditions.
This capital action strategically positions Muthoot Capital's growth path, strengthening its financial strength.
Source: Economic Times | Moneycontrol | Zerodha