Fundraising through REITs and InvITs has surged 10-fold year-on-year to Rs 11,474 crore in 2023. The increase in fund mobilisation is attributed to efforts by regulator Sebi and the attractive returns offered by these investment options. Further growth is expected in 2024 due to factors such as anticipated rate cuts, tax incentives, and relaxed investment norms
Muthoot Finance, a gold loan-focused non-bank lender, plans to raise up to Rs 1,000 crore through a public issue of secured, redeemable non-convertible debentures (NCDs). This will be the company’s 33rd public issue. The NCDs have been rated AA+ by Crisil and Icra and will be listed on the BSE post allotment. The issue opens on January 8 and closes on January 19, with an option to close earlier if decided by the board.
