StockWatch
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Microfinance Institutions
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.