Muthoot Capital Services Limited has informed the Exchange regarding allotment of 5000 Non-Convertible Debentures at its Debenture Issue and Allotment Committee Meeting held on June 17, 2025
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Muthoot Capital Services has allotted 5,000 secured, listed, senior, redeemable, taxable Non-Convertible Debentures (NCDs) on a private placement basis, raising ₹50 crores in total. Each NCD has a face value of ₹1,00,000, carries a coupon of 10.00% per annum paid monthly, and has a 24-month tenure maturing on June 17, 2027. The NCDs are proposed to be listed on BSE and are secured by a first pari passu charge on the company's loan receivables with a 1.15x security cover. The funds have been raised through a private placement route.
This is a modest, routine debt raise for the NBFC that will modestly increase leverage but carries no equity dilution risk for shareholders. The 10% coupon and secured structure are standard for a vehicle finance company, and the 1.15x asset cover provides reasonable protection for debenture holders.