Investment2 Dec 2025, 08:37 pm
Motilal Oswal Financial Services Ltd. Approves Rs. 300 Crore NCD Issuance
AI Summary
Motilal Oswal Financial Services Ltd. has approved the issuance of up to Rs. 300 Crore worth of Non-Convertible Debentures (NCDs) on a private placement basis. The NCDs, each with a face value of Rs. 1,00,000, will be fully paid, secured, rated, redeemable, listed, senior bonds. The tenure of the instrument is 3 years from the date of allotment. The NCDs will be secured by a first ranking pari passu charge over the company's receivables, maintaining a minimum security cover of at least 1.00 times the outstanding principal amounts of the NCDs and all interest due and payable thereon until the maturity date.
Key Highlights
- Motilal Oswal Financial Services Ltd. approves NCD issuance of Rs. 300 Crore
- NCDs to be fully paid, secured, rated, redeemable, listed, senior bonds
- Tenure of the instrument is 3 years from the date of allotment
- NCDs to be secured by a first ranking pari passu charge over the company's receivables
- Minimum security cover of at least 1.00 times the outstanding principal amounts of the NCDs and all interest due and payable thereon until the maturity date