Muthoot Capital Services Limited — Important, 27-12-2024: General Updates

Muthoot Capital Services Limited has approved the allotment of 5,000 secured, rated, listed, redeemable non-convertible debentures (NCDs), each with a face value of ₹1,00,000, aggregating to ₹50 crores. These debentures, set for a tenure of 18 months, will offer a coupon rate of 10.00% per annum, payable monthly. The NCDs are intended to be listed on BSE Limited, providing investors with a potential avenue for liquidity. This capital infusion could strengthen Muthoot Capital's balance sheet and support ongoing operational needs and growth strategies. Investors should watch closely for how this funding aligns with the company’s strategic direction and overall market conditions.