
Loan & Debt8 Sept 2026, 12:41 pm
Muthoot Microfin Allots ₹250 Cr NCDs
AI Summary
Muthoot Microfin Limited has successfully allotted 250,000 Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹250 Crores. The allotment was made on a private placement basis on September 8, 2026, with a maturity date of September 8, 2028. The NCDs carry an annual interest rate of 9.25%, payable monthly. This issuance is within the limits approved by the Board of Directors on June 30, 2026. The NCDs are secured by a first-ranking charge over the company's receivables.
Key Highlights
- Muthoot Microfin allotted ₹250 Cr in NCDs via private placement.
- NCDs have a 24-month tenure with 9.25% annual interest.
- Allotment secured by a charge over company receivables.
- Issuance aligns with board-approved limits.
- NCDs are listed, rated, secured, and redeemable.
Price Impact
More from MUTHOOTMF