Muthoot Capital Services has received approval to raise 50 crore through allotment of 5,000 Rated, Listed, Secured, Redeemable, Senior, Non-Convertible Debentures (NCDs), each having a face value of Rs 1 lakh, for a tenor of 36 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 10.00% p.a. and are proposed to be listed on BSE. The Debenture Issue and Allotment Committee of the company, at its meeting held on March 19, 2024, has approved the same.
Muthoot Capital Services is one of India's Most Progressive Automobile Finance Companies.
