Muthoot Microfin Approves Issuance of ₹250 Crore NCDs
Muthoot Microfin Limited's Debenture Issue and Allotment Committee approved the issuance of 250,000 NCDs worth ₹250 crore. The NCDs mature in 24 months with a 9.25% annual coupon rate, to be allotted on September 8, 2026.
The issuance of ₹250 crore in NCDs will strengthen the company's capital base, potentially supporting business growth. The impact is considered medium as it is a debt instrument rather than equity dilution.
The company is raising debt through NCDs, which is a positive step for its funding and operational capacity.
Muthoot Microfin Limited announced the outcome of its Debenture Issue and Allotment Committee meeting held on August 28, 2026. The committee approved the issuance of 250,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to a nominal value of ₹250 crore.
The NCDs will have a tenure of 24 months, with a deemed date of allotment on September 8, 2026, and a maturity date on September 8, 2028. The coupon rate offered is 9.25% per annum, with monthly interest payments. These debentures will be secured by a first-ranking charge over the company's receivables.
The issuance is being made through private placement and will be listed on BSE Limited. The meeting of the Debenture Issue and Allotment Committee commenced at 6:10 PM and concluded at 6:30 PM on August 28, 2026.
A plain-language summary of a public exchange filing by Muthoot Microfin Limited. Read the original for the full detail.