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Muthoot Fincorp will title sponsor India's home cricket seasons until March 2028, reportedly at ₹4.85 crore per match, amounting to approximately ₹150 crore for 35 matches, a deal reached after a lack of initial bidders.
Half-yearly income also rises to ₹4,391 crore.
Top Kerala-based companies suffered a ₹13,000 crore decline in market capitalisation following punitive tariffs imposed by the US.
Muthoot Finance stock saw a significant surge after reporting strong Q1 earnings and receiving an 'Overweight' rating upgrade from Morgan Stanley.
The debentures with a 10.35% coupon rate and 21-month tenure will be listed on the Bombay Stock Exchange.
The RBI last week increased the LTV cap for gold loans up to ₹2.5 lakh from 75% to 85% .
Thomas Muthoot, Director of Muthoot Pappachan Group and Chritian Diercks, Managing Director, BVB Evonik Football Academy, signed the Mou.
The company said that its Loan AUM (asset under management) for the quarter increased to ₹1,08,648 crore
Muthoot FA defeated Kerala Police 2-1 in the Kerala Premier League final.
The company attributed it to the exponential jump in provisions against bad loans.
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