Muthoot Capital Services issued ₹15 crore in Commercial Paper on December 16, 2025, at an 8.26% discount rate, maturing on March 11, 2026. The 85-day instrument, rated CRISIL A1+, was allotted to Bhupati Investments and Ultra Corpotech, bolstering the NBFC’s short-term capital and funding flexibility.
Muthoot Capital Services Ltd., a leading non-banking finance company of the Muthoot Pappachan Group, has announced the successful issuance of Commercial Paper (CP) worth ₹15 crore on December 16, 2025. The short-term instrument aims to strengthen the company’s working capital and optimize its funding mix amid sustained credit demand.
The CP issue carries a top-tier CRISIL A1+ rating, reflecting strong liquidity and timely debt-servicing capability. It will mature on March 11, 2026, marking a tenure of 85 days. The issuance adheres to FIMMDA conventions, pegged at a discount rate of 8.26% with a price of ₹98.1127 per unit.
Major Takeaways:
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Issue Size: ₹15 crore across 300 units with ISIN INE296G14602.
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Allottees: Bhupati Investments and Finance Pvt. Ltd. and Ultra Corpotech Pvt. Ltd.
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Rating: CRISIL A1+, indicating very strong short-term credit quality.
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Purpose: Likely aimed at meeting short-term funding and treasury management needs.
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Tenure & Yield: 85 days maturity, effective yield as per current market discount norms.
This issuance underscores Muthoot Capital’s continued access to low-cost, short-term funding while maintaining investor confidence through a robust credit profile.
Sources: NSE Corporate Filings, BSE Corporate Announcements