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

By Susanna Moon

Chicago, Feb. 13 – Muthoot Finance Ltd. notified the Bombay Stock Exchange that it plans to issue up to Rs. 20 billion of redeemable debentures.

The issue was approved at a board meeting held Monday, according to the notice.

As announced Feb. 7, the debentures will be issued by private placement in one or more tranches.

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

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