Motilal Oswal Financial Services Limited has informed the Exchange regarding allotment of 50000 securities pursuant to Non Convertible Securities at its meeting held on August 06, 2025
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Motilal Oswal Financial Services has allotted 50,000 secured, rated, redeemable, listed NCDs of face value Rs. 1,00,000 each, aggregating to Rs. 500 Crore, via private placement. The bonds carry a 2-year tenure maturing on August 6, 2027, with an annual coupon of Rs. 8,500 per bond (8.5% per annum) paid yearly. The issue was fully subscribed at a small premium of Rs. 31.5 lakh and will be listed on BSE, secured by a pari passu charge on the company's receivables with a minimum 1x security cover. The company confirmed no defaults on any existing NCDs.
The company has raised Rs. 500 Crore of debt capital at a competitive 8.5% rate to fund its operations, with no impact on equity shareholders since these are purely debt instruments. Existing NCD holders are unaffected as no defaults have been reported.