Muthoot Capital Services Limited has informed the Exchange regarding the allotment of 12500 Non Convertible Debentures at the Debenture Issue and Allotment meeting held on July 23, 2025
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Muthoot Capital Services has allotted 12,500 Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable Non-Convertible Debentures (NCDs) on a private placement basis, raising up to ₹125 crores. Each NCD has a face value of ₹1,00,000 and carries a coupon rate of 9.50% per annum, payable monthly, with bullet principal repayment at maturity. The tenure is 24 months, maturing on July 23, 2027, and the NCDs are proposed to be listed on BSE. The issue is secured by a first-ranking, pari-passu charge on the company's receivables and loan book, with a minimum asset cover of 1.10 times outstanding debenture amount.
This is a routine debt-raising exercise for the NBFC to fund its lending operations; there is no equity dilution since NCDs are debt instruments. It adds ₹125 crore to the company's borrowings at a 9.50% cost, which is broadly in line with current market rates for similarly rated NBFC NCDs — neutral to mildly positive for existing shareholders.