Muthoot Capital raises Rs236cr via securitisation deal

The entire pool is from the non-priority sector and has been taken after considering the guidelines prescribed by the Reserve Bank of India in this regard.

Mar 20, 2019 09:03 IST India Infoline News Service

Muthoot Capital Services, a vehicle finance subsidiary of Muthoot Pappachan Group, has raised Rs236cr through a two-wheeler securitisation deal.

"With this transaction, the company has so far raised total funds of Rs749.20cr through securitization/direct assignment transactions during FY19," the company said in a press note after markets hours to the exchanges on Tuesday.

The entire pool is from the non-priority sector and has been taken after considering the guidelines prescribed by the Reserve Bank of India in this regard, the company said.

Muthoot Capital Services Ltd's share price ended at Rs880.15, down by Rs6.55 or 0.74%, from its previous close of Rs886.70 on the BSE.
The scrip opened at Rs897.35 and touched a high and low of Rs898.05 and Rs880, respectively. A total of, 422 (NSE+BSE) shares have traded on the counter. The current market cap of the company is Rs1,448.37cr.

Related Story