Loan & Debt16 Sept 2026, 02:21 pm
Motilal Oswal Allots ₹79 Cr in NCDs
AI Summary
Motilal Oswal Financial Services Ltd announced the allotment of 7,900 Secured, Rated, Redeemable, Listed, Senior Bonds (Non-Convertible Debentures - NCDs) with a face value of Rs. 1,00,000 each, aggregating to Rs. 79 Crore. The Finance Committee of the Board of Directors approved this private placement issuance during their meeting on September 16, 2026. The NCDs have a tenure of 5 years, maturing on September 16, 2031, and carry an interest rate detailed in Annexure I. The issuance is secured by a first-ranking, pari passu charge over the company's present and future receivables.
Key Highlights
- Allotment of 7,900 NCDs aggregating to Rs. 79 Crore approved.
- NCDs are secured, rated, redeemable, listed, and senior bonds.
- Tenure of the NCDs is 5 years, maturing in September 2031.
- Issuance is through private placement and secured by receivables.
- NCDs are proposed to be listed on the National Stock Exchange (NSE).
Price Impact
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