Muthoot Microfin Limited has informed the Exchange regarding allotment of 7028 securities pursuant to Non Convertible Securities at its meeting held on April 29, 2026
MUTHOOTMF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Muthoot Microfin Limited has allotted 7,028 Non-Convertible Debentures (NCDs) with face value of Rs 1 lakh each, raising Rs 70.28 crore. The NCDs carry an 8.50% coupon rate payable quarterly and have a tenure of 29 months maturing on September 29, 2028. The debentures are secured by a first ranking exclusive charge of 1.0x over the company's receivables (present and future) and are listed on BSE Limited. This is a private placement issuance approved by the Board on February 9, 2026 and the Debenture Allotment Committee on April 8, 2026.
This NCD issuance provides debt capital to the microfinance company for its lending operations. The 8.50% coupon is reasonable for a secured instrument from a mid-sized NBFC-MFI. Shareholders may see minimal direct impact as this is debt financing rather than equity dilution.