Muthoot FinCorp Limited, the flagship company of the 137-year-old Muthoot Pappachan Group (Muthoot Blue), has announced the Tranche I series of secured, redeemable, non-convertible debentures with a face value of Rs 1,000 each (“NCDs”) to raise an amount of Rs 350 crore, which is within the shelf limit of Rs 2000 crore. This is the Company’s 17th issuance. The Tranche I issuance is Rs 100 crore (“Base Issue Size”), with a green shoe option of Rs 250 crore, bringing the total to Rs 350 crore (“Tranche I Issue Limit”) (“Tranche I Issue”).
The Tranche I Issue with a face value of Rs 1,000 has been open to the public since August 28, 2024 and closes on September 10, 2024 subject to an early closure as may be approved by our Board of Directors or the Stock Allotment Committee thereof of the Company, and subject to relevant approvals, in accordance with Regulation 33A of the Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Securities) Regulations, 2021, as amended (SEBI NCS Regulations)
“We are happy to share the new series of NCDS which comes with attractive interest rates, tenure options for investors and flexibility in interest payout options. The investors can invest through the 3700+ branches of Muthoot FinCorp across the country or easily via our mobile app Muthoot FinCorp ONE (upto Rs. 5lakhs) at the convenience of their homes.”, said Shaji Varghese, CEO – Muthoot FinCorp Limited.
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