Muthoot Capital Services Greenlights ₹1 Billion NCD Issue to Boost Funding

Muthoot Capital Services Limited (MCSL) has approved the issuance of non-convertible debentures (NCDs) worth up to ₹1 billion on a private placement basis. This decision was made during a meeting of the company's Debenture Issue and Allotment Committee on January 22, 2025.The move aims to strengthen MCSL's funding base and support its growth plans in the competitive financial services sector. This NCD issue follows the company's recent positive financial performance, with a reported net profit of ₹16 crore in Q2 FY2025 and total Assets under Management reaching ₹2,381 crore.The company's shares closed at ₹356 on the BSE ahead of this announcement.

Source: Muthoot Capital Services Limited Regulatory Filing