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HOME /  ALL NEWS /  Detailed News

Muthoot Finance files draft prospectus for NCD issue

[Sharekhan] 28 Aug 2012 09:39 AM

Tags: Muthoot Finance |  Non Convertible Debentures |  BSE |  National Stock Exchange |  NSE |  Public Issue     

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Muthoot Finance yesterday (August 24, 2012) said it has filed a draft prospectus with stock exchanges for Non- Convertible Debentures (NCD) issue for raising Rs250 crore.

'Muthoot Finance has informed the BSE that the company has filed a Draft Prospectus with BSE and National Stock Exchange ( NSE) yesterday in connection with a public issue of secured NCDs of face value of Rs1,000 each (NCDs) aggregating up to Rs2,500 million (Rs250 crore),' it said in a BSE filing.

It added that the company has an option to retain over- subscription up to Rs2,500 million (Rs250 crore) for issuance of additional NCDs aggregating to a total of up to Rs5,000  million (Rs500 crore).

At 9.39 am, Muthoot Finance was trading at Rs129.25, down by 0.88%, with a volume of 1321 shares on the BSE.
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