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

Mumbai April 3 (IANS) 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".

--IANS
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