Muthoot Capital Services Limited — Important, 24-07-2025: Committee Meeting Updates
24-07-2025 | 04:56 pm
24-07-2025 | 04:56 pm
Muthoot Capital Services' Debenture Issue and Allotment Committee has approved issuing Non-Convertible Debentures (NCDs) through a private placement, aiming to raise up to 150 Cr. These NCDs will carry a 10.00% annual interest rate, paid monthly, over a 24-month tenure. The debentures will be secured by the company's loan receivables and book debts, maintaining a security cover of 1.1 times. This move helps the company secure funding for its operations, and the NCDs will be listed on BSE, offering investors a new avenue.
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