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Muthoot Capital Services Limited has announced a board meeting approving a private placement of rated, listed, secured, redeemable Non-Convertible Debentures (NCDs) worth ₹75 Cr. The issue includes two series with tenures of about 12 and 18 months, offering monthly coupon rates of 10% and 10.15% per annum. These NCDs will be secured by a first-ranking charge on specific loan receivables with a minimum security cover of 1.2x. Series 1 allows partial redemption, while Series 2 will be redeemed in full at maturity.