Muthoot Finance Ltd to raise Rs.600 crore through NCD issue

Muthoot Finance Limited has filed a Prospectus with the Registrar of Companies, Kerala and Lakshadweep for public issue of secured non-convertible debentures aggregating upto Rs. 6,000 million.

The Public issue of Secured, Redeemable, Non-Convertible Debentures aggregating to a total of upto Rs. 6,000 million of Muthoot Finance Limited opens for subscription on December 22, 2011. The NCD Issue with four investment options closes on January 07, 2012.

The NCDs proposed to be issued under this Issue have been rated 'CRISIL AA-/Stable' by CRISIL and '[ICRA] AA-/Stable' by ICRA.

The Muthoot Finance Ltd stock closed the day at Rs.154.05, down by Rs.1.95 or 1.25%. The stock hit an intraday high of Rs.159.80 and low of Rs.153.15.

The total traded quantity was 9431 compared to 2 week average of 17515.

Source : Equity Bulls

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