ALPHA TRIBE

Muthoot Microfin LimitedImportant, 17-09-2025: Committee Meeting Updates

17-09-2025 | 04:51 pm

Muthoot Microfin Limited's Debenture Issue and Allotment Committee has approved issuing up to 7500 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures through a private placement. The total value is ₹75 Crore, which includes a green shoe option of ₹45 Crore. Each debenture carries a face value of ₹1 Lakh. These NCDs will have a 36-month tenure, offering a 9.80% annual interest rate paid monthly. They will be secured by a 1.10x charge over the company's receivables. This issuance aims to raise crucial capital to fuel the company's business operations and expansion plans.

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