Muthoot Capital Clears ₹1,000 Cr NCD Plan—Strengthens Debt Market Playbook

Muthoot Capital Services Ltd. has approved the issuance of non-convertible debentures (NCDs) worth up to ₹1,000 crore on a private placement basis, as part of its ongoing capital-raising strategy. The move is aimed at diversifying funding sources and supporting the company’s retail lending and vehicle finance operations.

 

The NCDs will be issued in multiple tranches, with varying tenures and coupon rates, depending on market conditions and investor appetite. The company has already executed recent allotments, including a ₹50 crore issue at 10% annual coupon and a ₹75 crore dual-series issue with tenures of 12 and 18 months, offering monthly interest payouts.

 

Muthoot Capital has maintained a strong credit profile, with no defaults reported, and continues to attract institutional interest. The instruments will be listed on BSE, enhancing liquidity and investor confidence.

 

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Sources: Business Standard – ₹110 Cr NCD Approval | Muthoot Capital NCD Filing (PDF)