Muthoot Finance Limited has filed a Draft Prospectus with BSE Limited for a public issue of Secured Non-Convertible Debentures of face value of Rs. 1,000 each, (“NCDs”), aggregating upto Rs. 2,500 million with an option to retain over-subscription upto Rs. 2,500 million for issuance of additional NCDs aggregating to a total of upto Rs. 5,000 million. ICICI Securities Limited, HDFC Bank Limited, JM Financial Consultants Private Limited, Karvy Investor Services Limited, RR Investors Capital Services (P) Limited and YES Bank Limited are the Lead Managers to the Issue. IDBI Trusteeship Services Limited will act as the Debenture Trustee for the Issue. The Issue is rated by CRISIL and ICRA with AA-/Stable rating.
The Issue is expected to be launched in the month of February/March. Earlier in the months of August, 2011 and January, 2012, Company raised Rs. 693 crores and Rs. 459 cores respectively through similar Issues. “The objective of the Issue is to diversify the resource profile of the Company as well as to seek wider participation from retail investors. We expect the Issue to provide an attractive investment option to retail investors, HNIs, Corporates and Institutions” said George Alexander Muthoot, Managing Director, Muthoot Finance Limited.