Announced Wed, 16 Sept · 18:15 IST
Muthoot Capital Services to raise up to Rs 150 Cr via NCD private placement
MUTHOOTCAP · price
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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹235.14
prior close
₹234.02
base price
After-mkt
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+0.8+0.8+0.8-1.3+0.0-2.6————————
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AI summary
Board approved issuing up to 15,000 Senior Secured NCDs of Rs 1 lakh face value, aggregating up to Rs 150 Crore, via private placement. Base issue Rs 75 Cr plus green shoe option Rs 75 Cr. Coupon 9.25 percent yearly paid quarterly, bullet principal. Tenor 24 months, allotment Sep 23 2026, maturity Sep 22 2028. Rated AA minus, to be listed on BSE.
Likely market impact
Raises Rs 150 Cr of debt at 9.25 percent to grow lending book. No equity dilution since these are NCDs, but adds to interest expenses.