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Muthoot Finance likely to raise Rs 500 crore via issue of NCDs

14 Feb 2012 Evaluate

Muthoot Finance, the largest gold financing company plans to issue NCDs aggregating up to Rs 250 crore with an option to retain over-subscription up to Rs 250 crore for issue of additional NCDs, aggregating to a total of up to Rs 500 crore. The issue is expected to be launched in the February-March.

The lead managers to the issue will be ICICI Securities, HDFC Bank, JM Financial Consultants, Karvy Investor Services, RR Investors Capital Services and YES Bank. Earlier in the months of August 2011 and January 2012, the company raised Rs 693 crore and Rs 459 crore, respectively through similar issues.

Through this issue the company aims to diversify the resource profile of the company as well as to seek wider participation from retail investors. It expects issue to provide an attractive investment option to retail investors, HNIs, corporates and institutions.

Muthoot Finance Share Price

3529.35 -55.85 (-1.56%)
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