Muthoot Capital Services Limited — Others, 20-12-2024: Others

Muthoot Capital Services Limited has approved the issuance of up to 5,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs), aggregating to ₹50 crores (cr), with a green shoe option of ₹25 cr. Each NCD has a face value of ₹1,00,000 and a coupon rate of 10% per annum, payable monthly. These will be listed on BSE Limited, with a tenor of 18 months from the deemed date of allotment on December 30, 2024.

This move strengthens Muthoot's capital structure, enhancing liquidity while providing investors with a fixed income opportunity. The strong coupon rate may attract interest from income-focused investors, reflecting a positive outlook for Muthoot's financing strategy.