SECTOR
Muthoot Capital Services gets nod to raise Rs 50 crore via NCDs
Nov-14-2024

Muthoot Capital Services has received approval for the issuance of 50,000 Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) each having a face value of Rs 10,000 aggregating to Rs 50 crore, for a tenor of 24 months from the deemed date of allotment, on private placement basis, in accordance with the terms and conditions as mentioned in the transaction documents executed in connection with the issuance. The NCDs have a coupon rate of 10% p.a. payable monthly and are proposed to be listed on BSE. The Debenture Issue and Allotment Committee held on November 13, 2024 has approved the same. 

Muthoot Capital Services is one of India's Most Progressive Automobile Finance Companies.


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