StockWatch
·
Non Banking Financial Company (NBFC)
Loan & Debt18 Aug 2026, 11:14 am

Muthoot Capital Services Approves ₹100 Cr NCD Issue

AI Summary

Muthoot Capital Services Limited's Debenture Issue and Allotment Committee approved the issuance of Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable, Non-Convertible Debentures (NCDs) up to ₹100 Crores on a private placement basis. The NCDs will have a tenure of 36 months, a coupon rate of 9.25% per annum payable monthly, and a bullet principal repayment. The issue is secured by a pari passu charge on standard loan receivables and current assets. The NCDs will be listed on BSE Limited. The meeting was held on August 18, 2026.

Key Highlights

  • Company approves issuance of ₹100 Cr NCDs via private placement.
  • NCDs are Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable.
  • Coupon rate is 9.25% p.a. payable monthly, with bullet principal repayment.
  • Issue secured by charge on receivables and current assets.
  • NCDs to be listed on BSE Limited with a 36-month tenure.