Muthoot FinCorp Launches NCD Issue to Raise Up to Rs. 600-Cr
Mumbai, June 18 (TNT): Muthoot FinCorp Limited on Thursday announced the launch of Tranche IV of its public issue of secured, redeemable non-convertible debentures (NCDs), aiming to raise up to ₹600 crore.
The issue will open for subscription on June 19 and close on July 3, 2026, subject to early closure in accordance with regulatory provisions.
In a release, the company said the NCD issue comprises a base size of ₹200 crore with a green shoe option of ₹400 crore, aggregating to ₹600 crore.
The fundraising is part of the company’s approved shelf limit of ₹3,000 crore.
According to the company, the proceeds from the issue will be utilised for onward lending, financing activities, repayment or prepayment of existing borrowings and general corporate purposes.
The NCDs, carrying a face value of ₹1,000 each, offer effective annual yields ranging between 8.84 per cent and 9.25 per cent across tenure options of 24, 36, 60 and 72 months.
The instruments have been assigned ratings of ‘AA/Stable’ by CRISIL Ratings and ‘AA/Stable’ by Brickwork Ratings, indicating a high degree of safety regarding timely servicing of financial obligations.
The company proposes to list the NCDs on the debt segment of the BSE.
Chief Executive Officer Shaji Varghese said the new NCD series offers investors a secure investment opportunity and that participation has been made accessible through the company’s branch network, digital platforms and partner channels.
Muthoot FinCorp is the flagship company of the Muthoot Pappachan Group, also known as Muthoot Blue.
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