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India's Muthoot could sell Rs. 7 billion of non-convertible debentures
By Devika Patel
Knoxville, Tenn., Jan. 31 - Muthoot Finance Ltd. informed the Bombay Stock Exchange that it approved plans to issue Rs. 7 billion of secured non-convertible debentures at a board of directors meeting on Jan. 31. The company filed a prospectus with the Registrar of Companies, Kerala and Lakshadweep for the offering on Dec. 16.
Ernakulam, India-based Muthoot is a non-banking finance company.
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