Muthoot Microfin Limited has informed the Exchange regarding allotment of 75000 securities pursuant to Non Convertible Securities at its meeting held on January 06, 2026
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Muthoot Microfin Limited has allotted 75,000 Series B NCDs with a total face value of Rs. 75 Crores (Rs. 10,000 per debenture) via private placement. The NCDs carry a coupon rate of 9.70% per annum, with interest paid monthly, and have a tenure of 23 months, maturing on December 3, 2027. The issue is secured by a first-ranking exclusive charge of 1.05x on the company's receivables and will be listed on BSE. This allotment is part of a larger approved NCD issuance of 1,50,000 debentures across two series (Series A and Series B), with board approval dating back to May 8, 2025.
The company is raising Rs. 75 Crores of debt at a competitive 9.70% rate to support its microfinance lending operations. For shareholders, this is routine debt raising with no equity dilution; the borrowing cost is moderate, suggesting healthy investor appetite for Muthoot Microfin's credit.