Muthoot Capital Services Limited has informed the Exchange regarding allotment of 10000 securities pursuant to Non Convertible Securities at its meeting held on July 08, 2025
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Muthoot Capital Services has allotted 10,000 secured, listed, redeemable non-convertible debentures (NCDs) on a private placement basis, each with a face value of ₹1,00,000, aggregating up to ₹100 crores. The NCDs carry a coupon of 10.35% per annum, paid monthly, with principal repayable quarterly, and have a tenure of about 20 months and 26 days, maturing on April 3, 2027. The debentures are secured by a first-ranking charge on the company's loan receivables and current assets, with a minimum asset cover of 1.2 times the outstanding amount. They are proposed to be listed on BSE.
The ₹100 crore NCD raise at 10.35% will boost Muthoot Capital's funding for lending operations, though at a meaningful cost. For equity shareholders, this is debt financing, not dilution, but it adds to leverage and interest obligations.