 "Muthoot Finance's NCD opens today")
Muthoot Finance Limited, one of India's largest gold financing company in terms of loan portfolio, has come up with its non-convertible debentures (NCDs).
The issue has opened today (2 September, 2012).
In a statement the company said, "(It) will open on September 02, 2013, a public issue of secured, redeemable, non-convertible debentures and unsecured, redeemable, non-convertible debentures of face value of Rs 1,000 each aggregating upto Rs 150 crore with an option to retain oversubscription up to Rs 150 crores, aggregating to a total of up to Rs 300 crores."
Also Read
The NCD issue, with eleven investment options and effective yield of up to 12.55% (per annum) closes on September 16, 2013, with an option for early closure as may be decided by the NCD public issue committee subject to necessary approvals.
The NCDs offered through the prospectus are proposed to be listed on BSE Limited. The NCDs proposed to be issued under this issue have been rated 'CRISIL AA-/Negative' by CRISIL and '[ICRA] AA- /Negative' by ICRA.
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%