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Muthoot Finance extends Rs. 2.5 billion notes issue by about two weeks
By Susanna Moon
Chicago, Oct. 5 - Muthoot Finance Ltd. informed the Bombay Stock Exchange that its Rs. 2.5 billion issue of secured redeemable non-convertible debentures will now close on Oct. 22.
The company decided to extend the issue period after consulting the lead managers and obtained the necessary approvals, according to the notice.
The issue was originally set to close on Oct. 5.
As noted on Sept. 11, the company opened the issue for subscription on Sept. 17.
The issue carries an over-allotment option for an additional Rs. 2.5 billion of debentures.
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