Muthoot Finance extends NCD issue closing date to Oct 22

Muthoot Finance  said it has extended the closing date of its non-convertible debentures (NCD) issue to October 22.

“The company in consultation with the lead managers to the issue has decided to extend the issue period up to October 22, 2012. The issue shall now close on October 22, 2012,” it said in a BSE filing.

The issue was scheduled to close on October 5.

Muthoot Finance said the decision was taken after the approval given by the NCD (Non—Convertible Debentures) Public Issue Committee of the Board of Directors of the company.

The company is undertaking the public issue of secured non-convertible debentures of face value of Rs 1,000 each, aggregating up to Rs 250 crore.

It has an option to retain over-subscription up to Rs 250 crore for issuance of additional NCDs aggregating to a total of up to Rs 500 crore.