Muthoot Finance is locked in upper circuit 20% at Rs 96 on the Bombay Stock Exchange (BSE) on back of heavy volumes.
A combined 1.37 million shares changed hands on the counter so far and there are pending buy orders for 92,200 shares on BSE and NSE at 1403 hours.
Kerela-based gold loan company Muthoot Finance is planning to raise around Rs 300 crore through non-convertible debentures (NCDs).
The company said it has filed a draft prospectus dated August 02, 2013 with the stock exchange in connection with a public issue of secured non-convertible debentures and unsecured non convertible debentures of face value of Rs 1,000 each, aggregating up to Rs 150 crore with an option to retain over-subscription up to Rs 150 crore for issuance of additional NCDs aggregating to a total of up to Rs 300 crore.
A combined 1.37 million shares changed hands on the counter so far and there are pending buy orders for 92,200 shares on BSE and NSE at 1403 hours.
Kerela-based gold loan company Muthoot Finance is planning to raise around Rs 300 crore through non-convertible debentures (NCDs).
The company said it has filed a draft prospectus dated August 02, 2013 with the stock exchange in connection with a public issue of secured non-convertible debentures and unsecured non convertible debentures of face value of Rs 1,000 each, aggregating up to Rs 150 crore with an option to retain over-subscription up to Rs 150 crore for issuance of additional NCDs aggregating to a total of up to Rs 300 crore.
