Muthoot Capital Services Limited — QIP/Rights/Pref., 05-12-2024: Issue of Securities

Muthoot Capital Services Limited has announced a board meeting for the issuance of up to 9,000 senior, secured, rated, taxable non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹90 crores. The NCDs carry a coupon rate of 9.50% per annum, payable monthly, and are set to be listed on BSE Limited. The tenor is 24 months from the deemed date of allotment, expected on December 12, 2024. The issue is secured by a charge over the company’s receivables and liquid assets, maintaining a security cover of 1.15 times the outstanding principal plus accrued interest.