Muthoot Capital Services Approves ₹100 Crore NCD Issue via Private Placement
Muthoot Capital Services Limited's committee approved issuing NCDs worth ₹100 Crores via private placement. The NCDs mature in 36 months with a 9.25% annual coupon. Allotment is scheduled for August 24, 2026, with maturity on August 24, 2029.
The issuance of ₹100 Crores in NCDs represents a significant fundraising activity that could impact the company's capital structure and financial leverage.
The announcement details the approval of a debt issuance, which is a routine financial activity. It does not contain significantly positive or negative news.
Muthoot Capital Services Limited's Debenture Issue and Allotment Committee, in a meeting held on August 18, 2026, approved the issuance of Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable, Non-Convertible Debentures (NCDs) up to ₹100 Crores.
These NCDs will be issued on a private placement basis, within the limits previously approved by the Board. The meeting commenced at 10:00 a.m. and concluded at 11:00 a.m. The NCDs will have a face value of ₹10,000 each, aggregating to ₹100 Crores. The issue is proposed to be listed on BSE Limited.
The tenure of the instrument is 36 months, with a deemed date of allotment on August 24, 2026, and a deemed date of maturity on August 24, 2029. The coupon rate is fixed at 9.25% per annum, with monthly interest payments and a bullet principal payment. Security for the NCDs will be created pari passu with existing secured creditors on standard loan receivables and current assets. The NCDs carry a step-up in coupon of up to 25 basis points for each notch downgrade in rating, with a provision to decrease by 25 basis points for each notch upgrade, up to the initial rating of 'AA-'. A default interest rate of 2% per annum applies for delayed payments.
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Muthoot Capital Services Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Muthoot Capital Services Limited. Read the original for the full detail.