Muthoot Finance Files Draft Prospectus Secured Non-Convertible Debentures Issue

Muthoot Finance Ltd has filed a Draft Prospectus with the stock exchanges on July 27, 2011 in terms of Regulation 7 of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 in connection with a public issue of Secured Non-Convertible Debentures of face value of Rs. 1,000 each, ("NCDs"), aggregating upto Rs. 5,000 million with an option to retain over-subscription upto Rs. 5,000 million for issuance of additional NCDs aggregating to a total of upto Rs. 10,000 million.

The stock was trading at Rs.190.65, up by Rs.3.70 or 1.98%. The stock hit an intraday high of Rs.191 and low of Rs.186.

The total traded quantity was 3.53 lakhs compared to 2 week average of 3.78 lakhs.

Source : Equity Bulls

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