Muthoot Capital Services surges on receiving nod to raise up to Rs 200 crore through QIP

11 Sep 2017 Evaluate

Muthoot Capital Services is currently trading at Rs. 568.95, up by 2.45 points or 0.43% from its previous closing of Rs. 566.50 on the BSE.

The scrip opened at Rs. 575.50 and has touched a high and low of Rs. 575.50 and Rs. 551.00 respectively. So far 1173 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 582.00 on 06-Sep-2017 and a 52 week low of Rs. 155.44 on 28-Sep-2016.

Last one week high and low of the scrip stood at Rs. 582.00 and Rs. 505.00 respectively. The current market cap of the company is Rs. 783.40 crore.

The promoters holding in the company stood at 74.93%, while Institutions and Non-Institutions held 0.40% and 24.68% respectively.

Muthoot Capital Services has received an approval for raising of equity capital up to an amount of Rs 200.00 crore, through Qualified Institutions Placement (QIP), subject to the approval of shareholders by way of Postal Ballot and other applicable statutory/regulatory approvals and requirements. The board of directors at its meeting held on September 9, 2017 has approved for the same.

Muthoot Capital Services is a deposit taking non-banking financial company (NBFC). The company is engaged in financing for purchase of automobiles, including two wheelers, against hypothecation of the respective vehicles, and granting of personal/business loans against demand promissory notes.

Muthoot Capital Serv Share Price

332.50 -2.75 (-0.82%)
23-Dec-2024 12:23 View Price Chart
Peers
Company Name CMP
Bajaj Finance 6907.45
Shriram Finance 2901.00
Aditya Birla Capital 187.45
SBI Cards AndPayment 694.95
Mah & Mah Finl. Serv 267.30
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