Muthoot Capital Allots ₹75 Crore NCDs At 10% Coupon On Private Placement Basis
By Ankur Chandra | Published at: Jun 10, 2025 03:02 PM IST
Muthoot Capital Services Ltd (BSE: 511766 | NSE: MUTHOOTCAP) has announced the successful allotment of ₹75 crore worth of Rated, Listed, Senior, Secured, Redeemable, and Taxable Non-Convertible Debentures (NCDs) through a private placement, in accordance with SEBI Listing Regulation 30.
What Are the Key Terms of the NCD Issue?
The allotment was approved by the company’s Debenture Issue and Allotment Committee on June 9, 2025, and comprises 75,000 NCDs of face value ₹10,000 each. The instruments offer a coupon rate of 10.00% per annum, payable monthly, with bullet repayment of principal at maturity.
Instrument Snapshot
| Particulars | Details |
|---|---|
| Type | Rated, Listed, Senior, Secured, Redeemable, Taxable NCDs |
| Mode of Issuance | Private Placement |
| Quantity | 75,000 NCDs |
| Face Value | ₹10,000 per NCD |
| Total Issue Size | ₹75 crore |
| Allotment Date | June 9, 2025 |
| Maturity Date | November 20, 2026 |
| Tenure | 529 days |
| Coupon Rate | 10.00% p.a. |
| Coupon Payment Frequency | Monthly |
| Principal Payment | Bullet (at maturity) |
| Listing Exchange | BSE Limited |
How Are the NCDs Secured and What Is the Required Security Cover?
The NCDs are secured by a first-ranking pari-passu charge over hypothecated assets, primarily consisting of loan receivables. The security cover will be maintained at a minimum of 1.15x the redemption amount plus accrued interest, with perfection of the charge to be completed within 90 days from the date of allotment.
What’s the Regulatory Context?
This allotment falls under Regulation 30 of the SEBI (LODR) Regulations, 2015, governing disclosure requirements for material events. No delays or defaults have been reported in past interest or principal payments.
Muthoot Capital Services stock Performance
In the National Stock Exchange, shares of Muthoot Capital Services gained 5.14% in the last year, a 6.35% dip in the year-to-date, and 11.13% in the previous month.
About Muthoot Capital Services
Muthoot Capital Services Ltd, part of the Muthoot Pappachan Group, is a Kochi-based RBI-registered NBFC listed on BSE and NSE. It offers a wide array of retail financing solutions, primarily in the two-wheeler financing segment. The company continues to strengthen its resource profile through regular debt market activity, including NCD issuances.
REF:https://nsearchives.nseindia.com/corporate/MUTHOOTCAPS_09062025205052_SE_Intimation.pdf
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