Gold financing company Muthoot Finance has come out with its secured reedemable non-convertible debentures and unsecured reedemable non-convertible debentures issue of a face value of Rs 1,000 each aggregating upto Rs 150 crore, with an option to retain over-subscription upto Rs 150 crore.
The issue, which has opened for subscription, will close on December 02, 2013. Minimum bids can be made for 10 NCDs and in multiples of 1 NCD thereafter.
The issue has been rated AA-/Negative by CRISIL and ICRA. The NCDs offered through this prospectus are proposed to be listed on BSE.
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The funds raised through this issue will be utilised for various financing activities including lending and investments, repaying existing liabilities or loans and towards business operations including capital expenditure and working capital requirements and general corporate purposes.
ICICI Securities Limited is the lead manager to the issue and Link Intime India Private Limited is the registrar to the issue.
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