Muthoot Microfin Powers Up: Approves Rs 450 Cr NCD Raise for Microfinance Expansion

Muthoot Microfin approved a Rs 450 crore private placement of secured, rated, listed, senior NCDs (1,50,000 units at Rs 10,000 face value). The fundraising strengthens capital base amid Q2 profit growth, targeting H2 disbursement of Rs 6,000 crore in microfinance lending.

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