Motilal Oswal Approves ₹200 Cr NCD Issue

Motilal Oswal Financial Services Limited's Finance Committee has approved the issuance of up to 20,000 Secured, Rated, Redeemable, Listed, Senior Bonds (Non-Convertible Debentures - NCDs) with a face value of Rs. 1,00,000 each. The issue size is up to Rs. 200 Crore, including a base issue size of Rs. 40 Crore and a green shoe option of Rs. 160 Crore. These NCDs will be issued on a private placement basis and are proposed to be listed on the National Stock Exchange (NSE). The tenure of the instrument is 5 years, and the principal amount will be secured by a first-ranking pari passu charge on the company's receivables.