Muthoot Capital Services Limited — Board Meeting, 05-12-2024: Outcome of Board Meeting

Muthoot Capital Services Limited has announced a board meeting outcome where the Debenture Issue and Allotment Committee approved the issuance of Non-Convertible Debentures (NCDs) up to ₹90 Crores on a private placement basis. The issuance will consist of approximately 9,000 NCDs with a face value of ₹1,00,000 each, set to be listed on BSE Limited. The instruments will have a tenure of 24 months from the deemed date of allotment, with a coupon rate of 9.50% payable monthly. This move aims to bolster the company's financial flexibility and support its operational strategies.