Muthoot Microfin Limited — Important, 30-01-2026: Committee Meeting Updates
30-01-2026 | 04:49 pm
30-01-2026 | 04:49 pm
Muthoot Microfin's committee has approved the allotment of secured, listed, redeemable NCDs totaling ₹100 Crore via private placement. This includes two series of 5,000 NCDs each, valued at ₹50 Crore, offering 9.85% for 24 months and 9.95% for 36 months respectively. Additionally, the committee approved the issuance of another 4,000 NCDs, amounting to ₹40 Crore, at 9.70% for 24 months. These NCDs, each with a ₹1 Lakh face value, will be listed on BSE and are secured by a 1.05x charge on the company's receivables. This move bolsters the company's funding for its microfinance operations.
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