Loan & Debt16 Sept 2026, 06:10 pm
Muthoot Capital Services Approves ₹150 Cr Debenture Issue
AI Summary
Muthoot Capital Services Limited's Debenture Issue and Allotment Committee approved the issuance and allotment of Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferable, Non-Convertible Debentures (NCDs) up to ₹150 Crores on a private placement basis. The NCDs will have a tenure of 24 months, with a coupon rate of 9.25% per annum, payable quarterly. The deemed date of allotment is September 23, 2026, and maturity is September 22, 2028. The issuance is secured by a pari passu charge on loan receivables and current assets.
Key Highlights
- Approved issuance of NCDs up to ₹150 Crores via private placement.
- NCDs have a 24-month tenure with a 9.25% annual coupon rate.
- Allotment on September 23, 2026, maturity on September 22, 2028.
- Secured by pari passu charge on receivables and current assets.
- Issue size includes a base of ₹75 Cr and a Green Shoe Option of ₹75 Cr.
Price Impact
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