Muthoot Finance files draft prospectus for non-convertible debentures to raise Rs 250 cr

Muthoot Finance today said it has filed a draft prospectus with stock exchanges for Non-Convertible Debentures issue for raising Rs 250 crore.

"Muthoot Finance Ltd has informed the BSE that the company has filed a Draft Prospectus with BSE Ltd and National Stock Exchange on August 24, 2012...in connection with a public issue of Secured Non-Convertible Debentures of face value of Rs 1,000 each (NCDs) aggregating up to Rs 2,500 million (Rs 250 crore)," it said in a BSE filing.

It added that the company has an option to retain over-subscription up to Rs 2,500 million (Rs 250 crore) for issuance of additional NCDs aggregating to a total of up to Rs 5,000  million (Rs 500 crore).

Shares of Muthoot Finance today closed at Rs 130.40 a piece on the BSE, down 0.34 per cent from their previous close.