Muthoot Microfin Approves Issuance of ₹250 Crore NCDs via Private Placement
Muthoot Microfin Limited approved the issuance of 2,50,000 NCDs worth ₹250 crore via private placement. The NCDs, carrying a 9.25% annual interest rate, will mature on September 8, 2028.
The issuance of debt instruments to raise capital can impact the company's leverage and financial structure, hence a medium impact.
The announcement is a routine debt fundraising activity and does not contain any significant positive or negative financial performance indicators or strategic shifts.
Muthoot Microfin Limited's Debenture Issue and Allotment Committee, in a meeting held on August 28, 2026, approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The company will issue 2,50,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures with a face value of ₹10,000 each, aggregating to ₹250 crore. These NCDs will have a tenure of 24 months, with a deemed date of allotment on September 8, 2026, and maturity on September 8, 2028. The NCDs will carry an interest rate of 9.25% per annum, payable monthly. The principal amount and interest will be secured by a first-ranking charge over the company's receivables. The meeting commenced at 06:10 PM and concluded at 06:30 PM.
A plain-language summary of a public exchange filing by Muthoot Microfin Limited. Read the original for the full detail.