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Muthoot Microfin Allots NCDs Worth ₹70.28 Crore at 8.50% Coupon
Muthoot Microfin Limited has successfully allotted 7,028 secured, redeemable Non-Convertible Debentures (NCDs) on a private placement basis to raise ₹70.28 crores. These instruments carry a coupon rate of 8.50% per annum with interest payable on a quarterly basis. The NCDs have a tenure of 29 months, with the maturity date set for September 29, 2028. This capital raise will likely be utilized to support the company's micro-lending operations and maintain liquidity.
Key Highlights
Allotment of 7,028 NCDs with a face value of ₹1,00,000 each, totaling ₹70.28 crores
Fixed coupon rate of 8.50% per annum with a quarterly payment schedule
Tenure of 29 months with maturity scheduled for September 29, 2028
Secured by a first ranking exclusive charge of 1.00x over the company's receivables
Issuance conducted on a private placement basis and to be listed on BSE Limited
💼 Action for Investors
This fundraise demonstrates the company's ability to access debt markets at reasonable rates to fuel its growth. Investors should monitor the company's deployment of these funds and its impact on the Net Interest Margin (NIM).
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Muthoot Microfin ESG Rating Upgraded to 'CareEdge-ESG 1+' with Score of 80.8
Muthoot Microfin has achieved a significant upgrade in its ESG rating from CareEdge ESG Ratings, moving from a score of 72.2 to 80.8. This new rating of 'CareEdge-ESG 1+' is currently the highest ESG rating awarded to any Non-Banking Financial Company (NBFC) by the agency. The upgrade reflects a well-rounded improvement across environmental, social, and governance parameters. For investors, this signifies leadership in risk management and best-in-class disclosures, which is likely to attract ESG-focused institutional capital.
Key Highlights
ESG score upgraded from 72.2 (CareEdge-ESG 1) to 80.8 (CareEdge-ESG 1+).
Achieved the highest ESG rating assigned to an NBFC by CareEdge ESG Ratings.
The upgrade reflects comprehensive improvements in environmental, social, and governance (ESG) parameters.
Demonstrates leadership in managing ESG risks through best-in-class disclosures and policies.
💼 Action for Investors
Investors should view this as a positive indicator of the company's governance and sustainability standards, which may lead to increased institutional interest. No immediate trading action is required, but it strengthens the long-term investment case.
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Muthoot Microfin to Raise ₹71.61 Crore via Private Placement of NCDs at 8.50% Coupon
Muthoot Microfin has approved the issuance of 7,161 secured Non-Convertible Debentures (NCDs) to raise ₹71.61 crore, equivalent to approximately USD 7.7 million. These NCDs carry a fixed coupon rate of 8.50% per annum with interest payable on a quarterly basis. The instruments have a tenure of 29 months and are scheduled for listing on the BSE. This capital raise is intended to support the company's micro-lending operations and diversify its funding sources.
Key Highlights
Issuance of 7,161 Listed, Rated, Secured NCDs with a total nominal value of ₹71.61 crore.
Fixed coupon rate of 8.50% per annum with a quarterly interest payment schedule.
Tenure of 29 months with a tentative maturity date of September 30, 2028.
NCDs are secured by a first ranking exclusive charge of 1.00x over the company's receivables.
The issuance is conducted on a private placement basis and will be listed on the BSE.
💼 Action for Investors
This fundraise is a routine but positive step for an NBFC-MFI to ensure liquidity for loan disbursements. Investors should monitor if the company can maintain its net interest margins (NIMs) given this cost of borrowing.
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Muthoot Microfin to Raise ₹71.61 Crore via NCD Issuance at 8.50% Coupon
Muthoot Microfin's Debenture Issue and Allotment Committee has approved the private placement of 7,161 secured Non-Convertible Debentures (NCDs) to raise approximately ₹71.61 crore (USD 7.7 million). The NCDs carry a fixed coupon rate of 8.50% per annum with interest payable quarterly. The tenure of the instrument is 29 months, with a tentative maturity date of September 30, 2028. This move is aimed at bolstering the company's liquidity to support its microfinance lending activities.
Key Highlights
Issuance of up to 7,161 NCDs with a face value of ₹1,00,000 each, totaling ₹71.61 crore.
Fixed coupon rate of 8.50% per annum with a quarterly interest payment schedule.
Tenure of 29 months with a tentative allotment date of April 28, 2026.
The NCDs are secured by a 1.00x charge over the company's present and future receivables.
The securities will be listed on the BSE Limited.
💼 Action for Investors
Investors should view this as a routine but positive capital-raising activity that supports the company's growth trajectory. Monitor the company's ability to maintain healthy net interest margins (NIMs) against its cost of borrowing.
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Muthoot Microfin to Consider Fundraise via NCDs on April 8, 2026
Muthoot Microfin Limited has scheduled a meeting of its Debenture Issue and Allotment Committee for April 8, 2026. The primary agenda is to consider and approve the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. This is a routine fund-raising activity for the NBFC-MFI to support its lending operations and capital requirements. The specific amount and terms of the debt issuance will be determined during the meeting.
Key Highlights
Committee meeting scheduled for April 8, 2026, to approve fund raising.
Proposed issuance of Non-Convertible Debentures (NCDs) on a private placement basis.
Intimation filed under Regulation 50 of SEBI Listing Regulations.
Funds will likely be utilized to expand the micro-loan portfolio and manage liquidity.
💼 Action for Investors
Investors should monitor the post-meeting disclosure for the specific issue size and coupon rate to assess the company's borrowing costs. This is a standard operational move for an NBFC and does not immediately change the stock's valuation.
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Muthoot Microfin Clarifies Q3 FY26 Reporting Errors and Approves ‣2,000 Crore NCD Fundraise
Muthoot Microfin has responded to NSE/BSE clarifications regarding its Q3 FY26 results, citing technical glitches for non-searchable PDFs and an inadvertent netting of 'Other Income' against 'Other Expenses' in XBRL filings. For the quarter ended December 31, 2025, the company reported a total income of ‣6,053.51 million and a net profit of ‣624.43 million. Crucially, the board has approved a significant fundraise of ‣2,000 crore via Non-Convertible Debentures (NCDs) to support growth. Additionally, Jinsu Joseph has been re-appointed as the Chief Risk Officer for a two-year term starting April 2026.
Key Highlights
Reported Q3 FY26 Total Income of ‣6,053.51 million and Net Profit of ‣624.43 million.
Board approved a massive ‣2,000 crore fundraise through NCDs via private placement.
Clarified reporting discrepancy where other income was incorrectly adjusted against other expenses in XBRL.
Re-appointed Jinsu Joseph as Chief Risk Officer (CRO) for a 2-year tenure effective April 1, 2026.
Impairment on financial instruments for the quarter stood at ‣1,062.10 million.
💼 Action for Investors
The reporting clarifications are procedural and do not impact the underlying financial performance, which shows a recovery in profit compared to the previous quarter. Investors should monitor the progress of the ‣2,000 crore NCD issuance as it provides the necessary capital for portfolio expansion.
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Muthoot Microfin Shareholders Approve ₹2,000 Crore Debenture Issuance via Private Placement
Shareholders of Muthoot Microfin have overwhelmingly approved a special resolution to raise up to ₹2,000 crores through the private placement of debentures. The resolution received 99.99% support from voting members, indicating strong investor confidence in the company's growth strategy. This additional capital will be raised in one or more tranches to support the company's microfinance lending operations. The successful vote provides the management with the necessary financial flexibility to expand its loan book.
Key Highlights
Approved issuance of debentures worth ₹2,000 crores via private placement in multiple tranches.
Special resolution passed with 99.99% votes in favor (137,302,763 votes).
Institutional and Promoter groups voted 100% in favor of the fundraising proposal.
The total votes polled represented 80.54% of the total outstanding shares held by the company.
💼 Action for Investors
Investors should view this as a positive development as it secures the capital required for future growth. Monitor the cost of debt in upcoming tranches to evaluate the company's margin sustainability.
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Muthoot Microfin Q3 FY26: PAT at ₹62 Cr, AUM Grows 5.4% YoY to ₹13,078 Cr
Muthoot Microfin reported a resilient Q3 FY26 with AUM reaching ₹13,078 crores and a quarterly PAT of ₹62 crores. The company successfully reduced its operating expenses from 7% to 6.5% through branch rationalization and increased digital collections. Asset quality showed sequential improvement as GNPA declined by 21 bps to 4.4%, while credit costs remained controlled at 3.3%, well below the guided range. Management highlighted a strategic shift towards non-JLG loans, which now constitute 12% of the total portfolio.
Key Highlights
AUM grew 5.4% YoY to ₹13,078 crores with monthly disbursements normalizing at ₹850 crores.
GNPA improved to 4.4% (down 21 bps QoQ) and credit cost for the quarter stood at 3.3%.
Operating expenses decreased to 6.5% from 7% due to the merger of 66 branches and digital collection efficiencies.
Individual loan portfolio (non-JLG) reached ₹1,097 crores with near-zero delinquency and 91% digital repayment on due dates.
Cost of funds reduced to 10.4% with incremental borrowing costs improving to 9.8%.
💼 Action for Investors
Investors should note the improving asset quality and cost-to-income ratios as the company diversifies away from traditional JLG models. The stock remains attractive for those looking at microfinance recovery, supported by a healthy 1.9% ROA and strong funding support.
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Muthoot Microfin Q3 FY26: AUM Grows to ₹13,078 Cr, PAT at ₹62 Cr with Improving Asset Quality
Muthoot Microfin reported a steady Q3 FY26 with AUM reaching ₹13,078 crores, supported by normalized monthly disbursements of ₹850 crores. The company successfully diversified its portfolio, with non-JLG loans now comprising 12% of the book, up from 3% in March. Asset quality showed signs of recovery as GNPA fell 21 bps QoQ to 4.4% and collection efficiency improved to 94.8%. Management expects further improvement in Q4, targeting an ROA of approximately 2% for the full year.
Key Highlights
AUM grew 5.4% YoY to ₹13,078 crores, with Q3 disbursements reaching ₹2,492 crores
GNPA improved to 4.4% (down 21 bps QoQ) while credit cost for the quarter stood at 3.3%
Operating expenses reduced to 6.5% of AUM, driven by branch rationalization and digital collections
Cost of funds decreased by 64 bps YoY to 10.4%, with incremental borrowing at 9.8%
Non-JLG portfolio (individual loans) reached ₹1,097 crores with near-zero delinquency
💼 Action for Investors
Investors should monitor the continued shift toward the higher-quality individual loan segment and the stabilization of credit costs. The company's ability to maintain 99.8% on-time collection efficiency suggests a robust recovery from previous macro headwinds.
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Muthoot Microfin to Raise ₹2,000 Crores via Private Placement of Debentures
Muthoot Microfin Limited is seeking shareholder approval via a postal ballot to raise up to ₹2,000 Crores through the private placement of Non-Convertible Debentures (NCDs). This additional fundraise will be executed in one or more tranches and remains within the company's overall borrowing limit of ₹15,000 Crores. The capital is intended to support the company's microfinance lending operations and growth objectives. The e-voting period for shareholders is scheduled from February 13, 2026, to March 14, 2026.
Key Highlights
Proposed issuance of Debentures through Private Placement for an additional amount of ₹2,000 Crores.
Issuance may include secured, unsecured, listed, or unlisted NCDs and market-linked debentures.
The fundraise is within the previously approved total borrowing limit of ₹15,000 Crores.
Remote e-voting period starts on February 13, 2026, and ends on March 14, 2026.
The resolution is being passed as a Special Resolution to ensure regulatory compliance.
💼 Action for Investors
Investors should view this as a positive step for growth capital, though they should monitor the cost of debt and its impact on Net Interest Margins (NIMs). No immediate action is required other than participating in the voting process if holding shares.
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Muthoot Microfin Q3 FY26: PAT Surges 104% QoQ to ₹624 Mn; AUM Reaches ₹1.3 Lakh Mn
Muthoot Microfin reported a strong sequential recovery in Q3 FY26, with PAT growing 104.6% QoQ to ₹624 million. Asset quality showed signs of stabilization as GNPA improved by 21 bps QoQ to 4.40%, while NNPA stood at 1.34%. The company's AUM grew 5.4% YoY to ₹1,30,786 million, supported by a 22.5% YoY increase in disbursements. Strategic branch consolidation and a focus on the non-JLG portfolio, which crossed ₹10,000 million, highlight a shift towards operational efficiency and diversification.
Key Highlights
AUM grew 5.4% YoY to ₹1,30,786 million, with disbursements rising 22.5% YoY to ₹24,922 million
Net Profit (PAT) surged 104.6% QoQ to ₹624 million, showing significant recovery from previous quarters
Asset quality improved sequentially with GNPA at 4.40% (-21 bps QoQ) and NNPA at 1.34% (-7 bps QoQ)
Individual Loan (IL) AUM crossed the ₹10,000 million milestone, strengthening the non-JLG portfolio
Operational efficiency improved with the Opex ratio declining 51 bps QoQ to 6.5% following branch consolidation
💼 Action for Investors
Investors should note the sequential improvement in asset quality and profitability, suggesting the worst of the credit cycle may be passing. Monitor the growth of the non-JLG portfolio as a key driver for future margin stability.
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Muthoot Microfin Q3 FY26 PAT Jumps 104.6% QoQ to ₹62.4 Cr; AUM Crosses ₹13,000 Cr
Muthoot Microfin reported a strong sequential recovery in Q3 FY26, with Profit After Tax (PAT) doubling to ₹62.4 crore compared to the previous quarter. Assets Under Management (AUM) grew 5.4% YoY to reach ₹13,078.6 crore, driven by a 22.5% YoY increase in disbursements. Asset quality showed signs of improvement as GNPA fell to 4.40% and credit costs remained well below management guidance at 3.3%. The company also successfully diversified its portfolio, with the individual loan segment now exceeding ₹1,000 crore.
Key Highlights
PAT surged 104.6% QoQ to ₹62.4 crore with a healthy Net Interest Margin (NIM) of 12.0%
AUM reached ₹13,078.6 crore, supported by a 22.5% YoY growth in disbursements to ₹2,492.2 crore
Asset quality improved sequentially with GNPA at 4.40% and NNPA at 1.34%, down from 4.61% and 1.41% respectively
Credit cost for the quarter stood at 3.3%, significantly lower than the management's FY26 guidance of 4-6%
Raised ₹2,753.9 crore in funding during the quarter at a competitive cost of 9.8%
💼 Action for Investors
The strong sequential recovery and controlled credit costs indicate a turnaround in operational performance after a challenging phase for the MFI sector. Investors should watch for continued improvement in asset quality and the scaling of the higher-margin individual loan book.
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Muthoot Microfin to Raise ₹2,000 Crore via NCDs and Re-appoints Chief Risk Officer
Muthoot Microfin's board has approved a substantial fundraise of up to ₹2,000 Crores through the private placement of Non-Convertible Debentures (NCDs) to support its growth capital requirements. The company also approved its financial results for the quarter ended December 31, 2025, which received a clean limited review report from statutory auditors. In a move to ensure management continuity, Mr. Jinsu Joseph has been re-appointed as the Chief Risk Officer for a further two-year term effective April 2026. Shareholders will soon vote on the NCD issuance via a postal ballot.
Key Highlights
Approved issuance of Non-Convertible Debentures (NCDs) up to ₹2,000 Crores via private placement.
Re-appointed Mr. Jinsu Joseph as Chief Risk Officer for a two-year term starting April 1, 2026.
Financial results for Q3 FY26 (ended Dec 31, 2025) approved with no adverse auditor qualifications.
Auditors confirmed that the required security cover for existing listed NCDs has been maintained as of Dec 31, 2025.
Board to convene a Postal Ballot to seek shareholder approval for the proposed ₹2,000 Crore fundraise.
💼 Action for Investors
Investors should view the ₹2,000 Crore fundraise as a positive signal for future loan book expansion and monitor the upcoming Q3 earnings call for specific growth guidance. The continuity in risk management leadership is a stabilizing factor for the company's asset quality outlook.
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Muthoot Microfin Allots NCDs Worth ₹40 Crore at 9.70% Interest Rate
Muthoot Microfin Limited has successfully allotted 4,000 Senior, Secured, Rated, Listed, Redeemable, Taxable Non-Convertible Debentures (NCDs) on a private placement basis. The total fundraise amounts to ₹40 crore with a face value of ₹1,00,000 per debenture. These NCDs carry a coupon rate of 9.70% per annum, with interest payments scheduled monthly. The tenure for these instruments is 24 months, with a maturity date set for February 06, 2028.
Key Highlights
Allotment of 4,000 NCDs aggregating to a total nominal value of ₹40 crore
Coupon rate fixed at 9.70% per annum with a monthly interest payment schedule
Instrument tenure is 24 months with maturity on February 06, 2028
Secured by a first ranking exclusive charge of 1.05x over the company's receivables
💼 Action for Investors
This is a routine fundraise for a microfinance institution to support its lending book. Investors should monitor the company's cost of borrowing and asset quality in upcoming quarterly results.
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Muthoot Microfin to Raise ₹140 Crores via Allotment and Issuance of NCDs
Muthoot Microfin Limited has approved the allotment of ₹100 crores through Secured Non-Convertible Debentures (NCDs) and the issuance of an additional ₹40 crores. The ₹100 crore allotment is split into two series with coupon rates of 9.85% and 9.95% for tenures of 24 and 36 months respectively. Furthermore, a new issuance of ₹40 crores at a 9.70% coupon rate has been sanctioned. These funds, raised via private placement, will be listed on the BSE and are secured by company receivables.
Key Highlights
Allotment of ₹100 Crores in NCDs across two series (₹50 Cr each) with monthly interest payments.
Series I (24 months) carries a 9.85% coupon, while Series II (36 months) carries a 9.95% coupon.
Approval for a fresh issuance of ₹40 Crores in NCDs at a 9.70% coupon for a 24-month tenure.
All instruments are secured by a 1.05x charge over the company's present and future receivables.
The capital raised will support the company's microfinance lending operations and liquidity.
💼 Action for Investors
Investors should view this as a positive step for credit growth, though they should monitor the company's ability to maintain margins against these borrowing costs of 9.70%-9.95%.
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Muthoot Microfin Allots NCDs Worth ₹50 Crore at 9.70% Coupon
Muthoot Microfin Limited has successfully allotted 5,000 secured, rated, and redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The issue raised a total of ₹50 crore with a face value of ₹1 lakh per debenture. These NCDs carry a coupon rate of 9.70% per annum, payable monthly, and have a tenure of 24 months. This fundraising activity is part of the company's routine capital management to support its microfinance lending operations.
Key Highlights
Allotment of 5,000 NCDs with a face value of ₹1,00,000 each, totaling ₹50 crore
Fixed coupon rate of 9.70% per annum with a monthly interest payment schedule
Instrument tenure of 24 months with a maturity date of January 23, 2028
Secured by a first ranking and exclusive charge of 1.05x over the company's receivables
The securities will be listed on the BSE Limited stock exchange
💼 Action for Investors
Investors should monitor the company's ability to maintain its net interest margins (NIMs) against this borrowing cost of 9.70%. This fundraise is a positive sign of liquidity and credit access for the firm's growth.
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Muthoot Microfin to Raise ₹150 Crore via NCDs; Cancels Previous ₹150 Crore Tranche
Muthoot Microfin has approved the issuance of Non-Convertible Debentures (NCDs) totaling ₹150 crore through private placement. The fundraise is split into a ₹50 crore tranche at 9.70% interest and a ₹100 crore tranche divided into two series with coupons of 9.85% and 9.95%. Notably, the company has cancelled a previously planned ₹150 crore NCD tranche from November 2025 due to unforeseen circumstances. This move appears to be a restructuring of their debt-raising plans to support ongoing microfinance operations.
Key Highlights
Approved issuance of ₹150 crore via Secured, Rated, Listed, Redeemable NCDs on a private placement basis.
₹50 crore tranche features a 9.70% annual coupon with a 24-month tenure maturing in January 2028.
₹100 crore tranche split into Series I (9.85% coupon, 24 months) and Series II (9.95% coupon, 36 months).
Cancelled a prior ₹150 crore NCD issuance originally proposed in November 2025.
All NCDs are secured by a 1.05x charge over the company's present and future receivables.
💼 Action for Investors
Investors should monitor the company's cost of funds and how effectively this capital is deployed into high-yield microfinance assets. The cancellation and re-issuance suggest a tactical shift in borrowing strategy rather than a liquidity concern.
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Muthoot Microfin to Raise ₹150 Cr via NCDs; Cancels Previous ₹150 Cr Tranche
Muthoot Microfin has approved the issuance of Non-Convertible Debentures (NCDs) totaling ₹150 crore through private placement. The fundraising is split into three series with interest rates ranging from 9.70% to 9.95% and tenures between 24 and 36 months. Notably, the company also cancelled a previously planned ₹150 crore NCD tranche from November 2025 due to unforeseen circumstances. This action appears to be a restructuring of their debt issuance plan rather than a net increase in borrowing.
Key Highlights
Approved issuance of ₹150 crore in NCDs across three distinct series via private placement.
Coupon rates are set at 9.70% (24 months), 9.85% (24 months), and 9.95% (36 months) with monthly payouts.
Cancelled a prior ₹150 crore NCD issuance originally proposed on November 27, 2025.
All new NCDs are secured by a 1.05x charge over the company's loan receivables.
The deemed dates of allotment are scheduled for late January 2026.
💼 Action for Investors
Investors should monitor the company's cost of funds, as these NCDs are priced competitively under 10%. The replacement of the previous tranche suggests a tactical adjustment in debt maturity rather than liquidity issues.
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Muthoot Microfin to Consider Fundraise via NCDs on January 20, 2026
Muthoot Microfin Limited has scheduled a meeting of its Debenture Issue and Allotment Committee for January 20, 2026. The committee will consider and approve the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. This move is intended to raise capital to support the company's microfinance lending operations. While the specific fundraise amount has not been disclosed, the outcome will impact the company's debt-to-equity ratio and liquidity position.
Key Highlights
Committee meeting scheduled for January 20, 2026, to discuss capital infusion.
Fundraising to be executed through Non-Convertible Debentures (NCDs).
Issuance will be conducted on a private placement basis rather than a public offer.
The move complies with Regulation 50(1) of SEBI Listing Obligations and Disclosure Requirements.
💼 Action for Investors
Investors should wait for the post-meeting disclosure to evaluate the total amount raised and the interest rate (coupon) offered. A competitive coupon rate would indicate strong institutional confidence in the company's credit profile.
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Muthoot Microfin Allots NCDs Worth Rs 75 Crore at 9.70% Coupon
Muthoot Microfin Limited has successfully allotted 75,000 Senior, Secured, Rated, Listed NCDs (Series B) on a private placement basis. The total fundraise amounts to Rs 75 crore with a face value of Rs 10,000 per debenture. These instruments offer a 9.70% annual coupon rate with monthly interest payments and a tenure of 23 months. The debt is secured by a 1.05x charge on the company's receivables, with a maturity date set for December 03, 2027.
Key Highlights
Allotment of 75,000 Series B NCDs totaling Rs 75 crore in nominal value
Fixed coupon rate of 9.70% per annum with a monthly interest payment schedule
Instrument tenure of 23 months with maturity scheduled for December 03, 2027
Secured by a first ranking exclusive charge of 1.05x over the company's receivables
The securities will be listed on the BSE Limited to provide liquidity
💼 Action for Investors
This fundraise strengthens the company's liquidity position for its micro-lending operations; investors should monitor the company's ability to maintain margins against this borrowing cost.