Muthoot NCD public issue opens today

Public issue of non-convertible debentures of Muthoot Finance Limited will open from March 2. The issue is of a face value of Rs 1,000 each, aggregating up to Rs 250 crore with an option to retain over subscription up to Rs 250 crore, aggregating to a total of Rs 500 crore. The NCD issue with four investment options offering an effective yield of up to 13.43 per cent per annum closes on March 17. The minimum application is for five NCDs (Rs 5,000) and in multiples, a company press release said.