Muthoot Finance has increased by 1.63% to Rs 165.25 after the company announced that it has filed a draft prospectus with the Bombay Stock Exchange (BSE) for a public issue of secured non-convertible debentures of face value of Rs 1,000 each.
The 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, a company statement said here.
In the intraday trade, the stock opened at Rs 163.60 and made a high of Rs 166. Around 1,30,000 shares were traded in BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app