Muthoot Microfin Ltd Approves Issuance of Non-Convertible Debentures
Muthoot Microfin Ltd announced that its Debenture Issue and Allotment Committee, during a meeting held on April 8, 2026, approved the issuance of Non-Convertible Debentures (NCDs). These approvals were made within the limits set by the Board of Directors and the Shareholders.The committee approved the issuance of up to 7161 Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs). Each NCD carries a nominal value of ₹100,000 (One Lakh). The total aggregate nominal value of these NCDs is ₹71,61,00,000 (Indian Rupees Seventy-One Crores Sixty-One Lakh). The aggregate value of the NCDs was stated to be USD 7.7 million, corresponding to an approximate INR value of ₹71,61,00,000 based on the current exchange rate.
Key Details of the NCD Issuance
The details pertaining to this private placement issuance are as follows:| Particulars | Details |
|---|---|
| Type of Securities | Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) |
| Type of Issuance | Private Placement |
| Total Nominal Value | ₹ 71,61,00,000 (Indian Rupees Seventy-One Crores Sixty-One Lakh) |
| Listing Exchange | BSE Limited |
| Tenure | Tentative Allotment Date: April 28, 2026; Maturity Date: Tentatively September 30, 2028 |
| Coupon/Interest Rate | 8.50% per annum |
| Security Charge | First ranking and exclusive charge of 1.00x over receivables, including present and future receivables ('Company's Receivables') |
The meeting regarding the allotment commenced at 3:00 PM and concluded at 3:20 PM.
MUTHOOTMF Stock Price Movement
Today, Muthoot Microfin Limited shares edged higher to close at ₹166.98, marking a gain of 7.93% on the day. The stock finished with a traded volume of 307,635 shares, having operated within a range between ₹159.01 and ₹170.Source:
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