Muthoot Finance to Raise Rs 500 Cr via Redeemable NCDs

Gold financing company, Muthoot Finance, today said it plans to raise Rs 500 crore through issuance of secured redeemable non-convertible debentures (NCDs). The company plans to raise an initial amount of Rs 250 crore, with a green shoe option to retain 100 per cent over-subscription and thus raising the total size of the issue to Rs 500 crore. "The funds raised through this issue will be used for our various financing activities i...