Muthoot Finance announces up to Rs. 5 billion issue of debentures

By Ashley Montgomery

Kansas City, Kan., July 30 - Muthoot Finance Ltd. informed the Bombay Stock Exchange that its board of directors has decided to issue up to Rs. 5 billion of secured non-convertible debentures.

The board made the decision to raise funds through the debentures issue at a meeting on Monday.

Ernakulam, India-based Muthoot is a non-banking finance company.

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