
Investment8 April 2026 at 10:48 am
Muthoot Microfin Ltd. Approves Issuance of ₹71.61 Crore NCDs in Private Placement
AI Summary
Muthoot Microfin Ltd. announced the outcome of its Debenture Issue and Allotment Committee meeting held on 08.04.2026. The committee approved the issuance of up to 7161 Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) of ₹100000 each, amounting to ₹71,61,00,000 (Indian Rupees Seventy-One Crores Sixty-One Lakh). The aggregate value of the NCDs is USD 7.7 million. The NCDs will be issued in a private placement and will be listed on BSE Limited. The tenure of the instrument is 29 months from the date of allotment, with a coupon/interest rate of 8.50% per annum, payable quarterly. The outstanding principal amount will be secured by a first ranking and exclusive charge of 1.00x over the company's receivables.
Key Highlights
- Issuance of ₹71.61 Crore NCDs in private placement
- NCDs to be listed on BSE Limited
- Tenure of 29 months from the date of allotment
- Coupon/interest rate of 8.50% per annum
- Secured by a first ranking and exclusive charge over the company's receivables