Muthoot Finance Ltd completes pre-payment of ECB aggregating to USD 225 Million

Pursuant to the approval of the Finance Committee of the board of Directors of Muthoot Finance Limited ("Company") in its meeting held on 28th March, 2023, the Company has completed the pre-payment of external commercial borrowings to the tune of USD 225 million on April 13, 2023. Consequent upon the pre-payment of the external commercial borrowings, the Company has initiated steps for cancellation of the Senior Secured Notes issued by the Company under the GMTN Programme and listed on the International Securities Market of the London Stock Exchange.

The pre-payment of the external commercial borrowings was in compliance with the applicable laws including Master Directions on External Commercial Borrowings, Trade Credits and Structured Obligations issued by the Reserve Bank of India on March 26, 2019, as may be amended from time to time.

Shares of Muthoot Finance Limited was last trading in BSE at Rs. 1033.75 as compared to the previous close of Rs. 1023.75. The total number of shares traded during the day was 7568 in over 737 trades.

The stock hit an intraday high of Rs. 1035.45 and intraday low of 1014.60. The net turnover during the day was Rs. 7768048.00.

Source : Equity Bulls

Keywords

MuthootFinance INE414G01012 Prepayment ECB ExternalCommercialBorrowing