Muthoot Finance's Rs 600 cr NCD issue kicks off tomorrow
|
Last Updated: Wed, Dec 21, 2011 15:18 hrs
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.
Revealed: 2011's Indian small car of the year
He said the company also plans to expand its operations in the state and increase its branches from the existing 97 branches.
most popular on facebook
talking point on sify finance
today's most read on sify finance
- Petrol carmakers announce up to Rs 50000 in discounts Read 358 Times
- A Chennai restaurant's unique Saturday night dinner Read 237 Times
- Nude maid service raising eyebrows in Texas city Read 195 Times
- Congress slams Trinamool over petrol price hike protest Read 113 Times
- Air India flies out stranded British Airways passengers Read 101 Times
