Muthoot Finance plans to raise Rs 3,000 cr through public issue of NCDs

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Mumbai | Published: April 3, 2018 5:16:14 PM

Gold financing firm Muthoot Finance on Tuesday said that it plans to raise Rs 3,000 cr through the public issue of non-convertible redeemable debentures (NCDs).

Muthoot Finance, news on Muthoot Finance,  NCD, BSE, George Alexander Muthoot, Edelweiss Financial Services, idbi, kochi, news on muthoot finance“Company has filed a shelf prospectus for issue of secured redeemable non-Convertible debentures (Secured NCDs) of face value of Rs 1,000 each aggregating upto Rs 3,000 crore (Shelf Limit),” Muthoot Finance said in a statement. (IE)

Gold financing firm Muthoot Finance on Tuesday said that it plans to raise Rs 3,000 cr through the public issue of non-convertible redeemable debentures (NCDs). “Company has filed a shelf prospectus for issue of secured redeemable non-Convertible debentures (Secured NCDs) of face value of Rs 1,000 each aggregating upto Rs 3,000 crore (Shelf Limit),” Muthoot Finance said in a statement.

“The tranche issue is with a base issue size of Rs 500 crore with an option to retain oversubscription up to shelf limit of Rs 3,000 crore (tranche I issue).” According to the company, the issue opens on April 9, 2018 and closes on May 8, 2018 with an “option to close earlier and or extend up to a period as may be determined by a duly authorised committee of the board”.

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