Today's Gold Rate: ₹5,521.00/gram
Jan 11, 2023
The annual interest rate set for the Issue is ranging from 9.50% to 10.75% and is available in monthly, annually and cumulative options for tenures 400 days, 16 months, 2 years, 3 years, 5 years and 82 months, giving the effective yield of upto 11.02% for the longer duration. The lead manager to the issue is Vivro Financial Services Private Limited, registrar to the issue is kFin Technologies Limited and debenture truatee is Vistra ITCL (India) Limited. The The NCDs proposed to be issued have been rated “IND BBB-/Stable by India Ratings & Research Private Limited. The Company primarily operates four principal lines of business, namely gold loan business, micro, small and medium enterprises loan, personal loan and microfinance. While speaking at the event, commenting on the opening of the 7th Issue of NCDs, Mr. Manoj Raveendran Nair, Chief Executive Officer of the Company, “Gold is not just a precious commodity for most Indian households. It is integral to our lives beyond its intrinsic values. The advent of NBFCs with a primary focus on providing gold loans further popularized this lending instrument predominantly in the common man customer segment. The growth of NBFCs specializing in lending against Gold has made it one of the fastest-growing microloan segments in the country. Customers being the center of all our communications.
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