Muthoot Capital Services Limited — QIP/Rights/Pref., 25-11-2024: Issue of Securities

Muthoot Capital Services Limited has announced a board meeting to approve the issuance of 11,000 Secured, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹110 crores. The NCDs will carry a coupon rate of 10.40% per annum, payable monthly, and are set for a 24-month tenor from the deemed date of allotment, which is 28 November 2024. The company aims to list the NCDs on BSE Limited, strengthening its capital structure and funding strategy.