Muthoot Capital Services has raised Rs 100 crore through allotment senior, secured, rated, listed, redeemable, taxable, transferrable, non-convertible debentures (NCDs). The Debenture Issue and Allotment Committee of the company has approved the allotment of 1,00,000 NDCs, each having a face value of Rs 10,000, on private placement basis. The NCDs have a coupon rate of 9.25 % per annum, payable monthly, and are proposed to be listed on BSE. The tenure of the NCDs is 36 months.
Muthoot Capital Services (MCSL) is engaged in the business of financing for purchase of automobiles, mainly two wheelers, used four wheelers and commercial vehicles against hypothecation of the vehicles and granting of personal / business loans etc.
