Motilal Oswal allots NCDs worth Rs 900 Crore via private placement

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MOTILALOFS · price

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Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹996.20

prior close

₹1001.10

announcement price

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Nifty Midcap 150market+0.1%-0.3% vs market

Stockbroking & Allied peers, median of 39sector+0.0%-0.2% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Midcap 150 and 0.2 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Midcap 150Sector · Stockbroking & Allied peers, median of 39Pending

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AI summary

Motilal Oswal Financial Services has allotted 90,000 secured, listed, senior NCDs of face value Rs 1 lakh each, aggregating to Rs 900 crore via private placement. Tenure is 3 years and 25 days, maturing on October 25, 2029. Effective coupon is 8.64 percent per annum. NCDs are to be listed on NSE and secured by a first-ranking charge on company receivables with 1x cover.

Likely market impact

Adds Rs 900 crore debt at 8.64 percent coupon, annual interest around Rs 78 crore. No equity dilution as these are non-convertible debentures.