India’s Muthoot Finance might issue up to Rs. 10 billion of debentures

By Angela McDaniels

Tacoma, Wash., Nov. 8 – Muthoot Finance Ltd.’s board of directors will discuss an up to Rs. 10 billion offering of redeemable non-convertible debentures at its meeting on Friday, according to a letter to National Stock Exchange of India Ltd. and BSE Ltd.

If approved, the debentures will be issued in one or more tranches via private placement.

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

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