Muthoot Finance to raise Rs 500 crore through secured redeemable NCDs

Basic issue size is Rs 100 cr, with Rs 400 cr green shoe; open between Feb 8 and March 3 with listing on BSE

Muthoot Finance Ltd is planning to raise around Rs 500 crore through public issue of secured redeemable non-convertible debentures (Secured NCDs) of the face value of Rs 1,000 each.

The issue comes with a base size of Rs 100 crore with an option to retain oversubscription up to Rs 400 crore, aggregating up to a tranche limit of Rs 500 crore, the company said in a statement on Tuesday. The issue will open on February 8 and close on March 3, with an option to close on such an earlier date or an extended date as may be decided by