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NTC Group to raise INR250 million through bonds and debentures

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NTC Group of Companies, a Kerala-based Non-Banking Financial Services Company (NBFC), plans to raise INR 250 million (Rs 25 crore) from depositors by issuing bonds and debentures.

“Our Group is entering its 66th year of operations with impeccable services by earning the trust of our customers. We are embarking on an ambitious expansion plan, including outside India, by offering new services. We plan to raise Rs250 million by issuing bonds and debentures, offering high yield,” said Mr Varghese Jose T, Managing Director, NTC Group of Companies, at a roadshow in Dubai.

“Credit Rating Agency CARE has assigned B+ Stable rating to the company’s bonds and debentures, said Mr Devadas TK,  Manager (Planning).

NTC Group of Companies has more than 55 branches in Kerala and Tamil Nadu with more than seven lakh customers.

The Group, which is planning to open 25 more branches before December 2025, is mobilising capital from the public for its group company, NTC Finance Pvt Ltd, a non-banking financial services company (NBFC).

New Trichur Company, started in 1957 as a chitty company, has grown in stature and size as NTC Group of Companies involving six financial services companies.

The company also has gold loan and vehicle loan facilities. Apart from these, the Group also grants loans to government and private sector employees, and business loans to entrepreneurs. Other schemes include recurring deposits, savings deposits, fixed deposits, chitties permitted under the law, life insurance, health insurance and vehicle insurance services, offered by various companies under the Group.

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