Muthoot Capital Services Limited has informed the Exchange about issue of Securities
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Awaiting price reaction for this filing.
Muthoot Capital Services Limited has approved the issue and allotment of Non-Convertible Debentures (NCDs) worth up to ₹125 crores through private placement. The issue comprises 12,500 NCDs with a face value of ₹1,00,000 each. The NCDs are rated, listed, senior, secured, and redeemable, with a coupon rate of 9.50% per annum paid monthly, and a bullet principal repayment at maturity. The tenure is 24 months, with deemed allotment on July 15, 2025 and maturity on July 15, 2027. The NCDs will be listed on BSE and are secured by a first-ranking pari passu charge on the company's book debts and loan receivables.
This is a routine debt-raising exercise to fund lending operations, and does not dilute equity shareholders. The 9.50% coupon is broadly in line with current market rates for secured NBFC borrowings. Minimal direct impact on the stock price, though it adds to the company's overall leverage.