Muthoot Capital Services Limited — Important, 15-02-2025: Committee Meeting Updates

Muthoot Capital Services Limited has announced a board meeting to approve the issuance and allotment of Non-Convertible Debentures (NCDs) up to ₹50 crore on a private placement basis. The NCDs, with a face value of ₹1,00,000 each, will have a tenure of 36 months from the deemed date of allotment, set for February 24, 2025, with an annual coupon rate of 10%. This move is likely to enhance liquidity and may improve the company's capital structure, presenting a positive outlook for investors seeking fixed-income opportunities in a stable environment.