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India’s Muthoot board to mull up to Rs. 50 billion debentures
By Sarah Lizee
Olympia, Wash., Aug. 30 – Muthoot Finance Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Tuesday to discuss raising funds through an issue of up to Rs. 50 billion redeemable nonconvertible debentures, including a previously approved unissued portion of Rs. 20 billion.
The debentures would be issued in one or more tranches on a private placement basis, according to a notice.
Ernakulam, India-based Muthoot is a non-banking finance company.
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