Muthoot Microfin Limited — Important, 08-04-2026: Committee Meeting Updates
08-04-2026 | 04:10 pm
08-04-2026 | 04:10 pm
Muthoot Microfin Limited's committee has approved a private placement issuance of up to 7161 Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs). These NCDs, each valued at ₹100,000, will raise an aggregate nominal value of ₹71.61 Cr, equivalent to USD 7.7 million. Offering an 8.50% annual interest with quarterly payments over a 29-month tenure, the NCDs will be listed on BSE Limited. They are secured by a first charge on the company's receivables. This move represents a strategic capital raise, diversifying the company's funding sources.
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