Muthoot Finance's Rs 600 cr NCD issue kicks off tomorrow

Jaipur: Gold finance company Muthoot Finance Limited today said it will raise up to Rs 600 crore through a public issue of Non-Convertible Debentures that kicks off tomorrow.

The public issue of secured, redeemable NCDs will open tomorrow with four investment options and closes on January 7, 2012.

“The company will utilise the funds raised through the issue for various financial activities, which include investments and lending,” Muthoot Finance Chief General Manager K R Bijimon said here today.

He said the company also plans to expand its operations in the state and increase its branches from the existing 97 branches.

Source: Financial Express