Muthoot Microfin to Raise ₹450 Crore via NCDs
Muthoot Microfin to raise ₹450 crore via secured NCDs with coupon rates between 9.70% and 9.95%. The issuance will be split into two phases in December 2025 and January 2026.
The fundraise of ₹450 crore is significant and is likely to have a moderate impact on the company's capital base and lending capacity.
The announcement indicates a positive development for the company as it secures additional funding through NCDs, which will support its lending operations and expansion.
* Muthoot Microfin plans to raise ₹450 crore through secured, rated, listed Non-Convertible Debentures (NCDs). * The NCDs will offer coupon rates between 9.70% and 9.95% per annum. * The funds will support onward lending, working capital needs, debt repayment/refinancing, and general corporate purposes. * The issuance will occur in two phases, with ₹225 crore each in December 2025 and January 2026, across six tranches of ₹75 crore each. * The NCDs are rated “CRISIL A+/Positive”. * Available in denominations of ₹10,000 and ₹1,00,000, with 24-month and 36-month tenures and monthly interest pay-outs. * The NCDs will be listed on BSE in December 2025 and January 2026.
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Muthoot Microfin 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 Microfin Limited. Read the original for the full detail.