Muthoot Capital Services has received approval for the issuance of 10,000 Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) each having a face value of Rs 1,00,000 aggregating to Rs 100 crore, for a tenor of 13 months from the deemed date of allotment, on private placement basis. The NCDs have a coupon rate of 9.97 % p.a. payable annually and are proposed to be listed on BSE. The meeting of Debenture Issue and Allotment Committee held on October 30, 2024 has approved the same.
Muthoot Capital Services is one of India's Most Progressive Automobile Finance Companies.
