Muthoot Finance to open IPP on April 25, 2014

Muthoot Finance Ltd's IPP of equity shares would open for subscription on April 25, 2014 and close on April 25, 2014. The price band/ floor price for this purpose has been fixed at Rs. 155 to Rs. 165.

The company has announced an Institutional Placement Programme (IPP) of upto 25,351,062 Equity Shares of Rs. 10 each for cash through the book-building route.

The Company have appointed ICICI Securities Limited, Kotak Mahindra Capital Company Limited and Espirito Santo Securities India Private Limited as the Book Running Lead Managers and Kotak Securities Limited as the Syndicate Member to the issue.

Shares of MUTHOOT FINANCE LTD. was last trading in BSE at Rs.169 as compared to the previous close of Rs. 174.75. The total number of shares traded during the day was 56450 in over 2397 trades.

The stock hit an intraday high of Rs. 173.95 and intraday low of 165.05. The net turnover during the day was Rs. 9495964.

Source : Equity Bulls

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