Muthoot Capital Services Limited has informed the Exchange regarding Outcome of Debenture Issue and Allotment Committee Meeting held on May 30, 2025.
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Muthoot Capital Services Limited's Debenture Issue and Allotment Committee approved the issue and allotment of Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) on a private placement basis, aggregating up to ₹75 crores (including a green shoe option of ₹25 crores). The issue consists of 75,000 NCDs with a face value of ₹10,000 each, split into two series: Series 1 has a 12-month 7-day tenor with a 10% per annum coupon, and Series 2 has an 18-month 7-day tenor with a 10.15% per annum coupon, both with monthly interest payments. The NCDs will be listed on BSE, with a deemed allotment date of June 5, 2025, and are secured by a first-ranking pari passu charge on the company's book debts and loan receivables at a 1.2x security cover.
This is a routine debt-raising exercise by Muthoot Capital Services to fund its lending operations. The NCD rates of 10–10.15% are competitive in the current market. There is no direct impact on equity shareholders, but higher debt may modestly increase interest costs going forward.