<p>Muthoot Finance, which is mainly into gold financing business, has filed draft documents with market regulator Sebi to raise up to Rs 500 crore through issue of non-convertible debentures (NCDs).<br /><br /></p>.<p>Muthoot is aiming to garner up to Rs 250 crore through NCDs, and would have the option to retain an over-subscription of up to Rs 250 crore for issue of additional NCDs aggregating to a total of up to Rs 500 crore, as per the company's draft prospectus filed with Sebi.<br /><br />The public issue by Muthoot of 'secured redeemable NCDs'and 'unsecured redeemable NCDs' are of face value of Rs 1,000 each.<br /><br />The company will utilise the proceeds raised through the issue for various financing activities including lending and investments as well as to repay existing loans.<br /><br />Besides, the company will use the funds "towards its business operations including for our capital expenditure and working capital requirements".<br /><br />ICICI Securities is the lead manager and Link Intime India the registrar to the company's issue.<br /><br />The NCDs offered are proposed to be listed on the BSE, the prospectus said.<br /><br />Muthoot Finance is one of the largest provider of gold loans in India. The entity employs 25,000 people in over 4,400 branches across the country.</p>
<p>Muthoot Finance, which is mainly into gold financing business, has filed draft documents with market regulator Sebi to raise up to Rs 500 crore through issue of non-convertible debentures (NCDs).<br /><br /></p>.<p>Muthoot is aiming to garner up to Rs 250 crore through NCDs, and would have the option to retain an over-subscription of up to Rs 250 crore for issue of additional NCDs aggregating to a total of up to Rs 500 crore, as per the company's draft prospectus filed with Sebi.<br /><br />The public issue by Muthoot of 'secured redeemable NCDs'and 'unsecured redeemable NCDs' are of face value of Rs 1,000 each.<br /><br />The company will utilise the proceeds raised through the issue for various financing activities including lending and investments as well as to repay existing loans.<br /><br />Besides, the company will use the funds "towards its business operations including for our capital expenditure and working capital requirements".<br /><br />ICICI Securities is the lead manager and Link Intime India the registrar to the company's issue.<br /><br />The NCDs offered are proposed to be listed on the BSE, the prospectus said.<br /><br />Muthoot Finance is one of the largest provider of gold loans in India. The entity employs 25,000 people in over 4,400 branches across the country.</p>