India’s Muthoot Finance to consider up to Rs. 20 billion of debentures

By Tali Rackner

Norfolk, Va., Feb. 1 – Muthoot Finance Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Feb. 13 to consider an issue of up to Rs. 20 billion of redeemable nonconvertible debentures.

The debentures will be issued via private placement in one or more tranches.

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

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