Muthoot Capital Services Limited has informed the Exchange regarding allotment of 10000 Non-Convertible Debentures amounting to Rupees One Hundred Crores
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Muthoot Capital Services has allotted 10,000 Non-Convertible Debentures (NCDs) on a private placement basis, raising ₹100 crores in total (face value ₹1,00,000 each). The NCDs carry a coupon rate of 10.00% per annum, payable monthly, with a bullet principal repayment at the end of the 24-month tenure (maturity on July 29, 2027). The instruments are senior, secured, rated, listed (on BSE), and taxable. Security is backed by a first-ranking pari passu charge over the company's book debts and loan receivables, with a minimum 1.1x asset cover to be maintained throughout the tenure.
This ₹100 crore NCD raise will strengthen Muthoot Capital's lending capacity by expanding its debt funding base, though the 10% monthly coupon means higher interest outflows for the company. For shareholders, this is a routine debt-raising event with no equity dilution, but rising finance costs could pressure margins going forward.