Muthoot Finance has received approval from its board to raise $450 million through bonds in overseas markets under the $2 billion capital-raise plan. The bonds will be listed on the London Stock Exchange's International Securities Market.
Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.