Muthoot Capital Services has raised Rs 40 crore through the allotment of 4000 Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) each having a face value of Rs 1,00,000 for a tenor of 36 months from the 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% p.a. payable annually and are proposed to be listed on BSE. The Debenture Issue and Allotment Committee has on February 27, 2025, approved the allotment of the same.
Muthoot Capital Services is one of India's Most Progressive Automobile Finance Companies.
