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Muthoot Capital Clears Rs 1.25 Billion NCD Issue to Boost Lending Capacity

Updated: July 09, 2025 19:20

Image Source: CNBC TV18
Muthoot Capital Services Ltd has approved the issuance of NonConvertible Debentures (NCDs) worth up to Rs 1.25 billion, reinforcing its strategy to strengthen funding for retail and vehicle finance operations.
 
Key Highlights:
  • The board cleared the allotment of 10,000 rated, listed, secured NCDs of Rs 1 lakh each, aggregating to Rs 1 billion, with a green shoe option of Rs 250 million.
  • The NCDs carry a coupon rate of 10.35% per annum, payable monthly, and will mature in 24 months.
  • Instruments will be listed on BSE and issued via private placement.
Strategic Context:
  • The funds will support Muthoot’s twowheeler and used car loan segments, which have shown steady growth despite macroeconomic headwinds.
  • The company has also issued commercial papers worth Rs 100 crore recently, indicating a diversified debt strategy.
Outlook:
The move is expected to enhance liquidity and support expansion in underserved markets.
 
Sources: MoneyWorks4Me, MarketScreener, BSE India.

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