Muthoot Microfin has secured approval to raise up to Rs 250 crore through issuance of secured, rated, listed, redeemable, non-convertible debentures (NCDs). The Debenture Issue and Allotment Committee of the company, at its meeting held on August 28, 2026, has approved the issuance of up to 2,50,000 NCDs, having face value of Rs 10,000 each, on private placement basis. The NCDs will carry a coupon rate of 9.25% per annum and have a tenure of 24 month. The Deemed Date of Allotment for the NCDs is September 8,2026. The NCDs are proposed to be listed on BSE.
Muthoot Microfin is primarily engaged in providing financial assistance through micro loans to women engaged in small income generating activities.
