Muthoot FinCorp plans to raise up to ₹700 cr via NCD
The non-convertible debentures (NCD) Tranche V will open on September 8 and close on September 22, 2026, subject to early closure upon necessary approvals
Muthoot FinCorp intends to raise up to ₹700 crore through the issuance of non-convertible debentures (NCDs), as announced on Monday. The net proceeds from this issue will be allocated towards business growth, including lending, financing, repayment/prepayment of existing borrowings, and general corporate needs, according to the company's statement.
The NCDs, known as Tranche V, will be available for subscription from September 8 to September 22, 2026, barring early closure upon receiving requisite approvals. The NCDs provide investors with effective annual yields ranging from 8.89% to 9.25% across various tenure options of 24, 36, 60, and 72 months.
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