Muthoot Capital Services Share Price in Focus; Approves NCDs Allotment Worth ₹150 Crore

On September 23, 2026, Muthoot Capital Services Limited announced the approval of a new debt securities allotment, as per the exchange filings. 

The allotment involves 15,000 non-convertible debentures, aggregating to a total value of ₹150 crore. 

Details of the Debenture Issue 

The Debenture Issue and Allotment Committee has sanctioned the issuance of up to 15,000 non-convertible debentures through a private placement.  

The total value of this allotment is ₹150 crore, with a base issue size of ₹75 crore and an additional ₹75 crore covered by a Green Shoe Option. 

Each debenture is valued at ₹1,00,000, and these instruments are senior, secured, rated, and taxable. They will be listed exclusively on the BSE Limited platform. 

Interest and Maturity Details 

The debentures carry a fixed coupon rate of 9.25% per annum, with interest payments scheduled quarterly. The maturity tenure is 24 months, with the deemed date of allotment being September 23, 2026, and the final maturity date set for September 22, 2028. 

Security and Special Features 

The debt is secured pari passu with existing secured creditors on standard loan receivables and current assets. A minimum asset coverage ratio of 1.1 times is required.  

The debentures include a coupon step-up clause of 25 basis points for each notch downgrade from their initial 'AA-' rating, with subsequent rating upgrades reducing the interest rate. 

Read More: Jammu and Kashmir Bank Share Price in Focus; Signs Escrow Agreement for 0.5% PNB MetLife Stake Sale! 

Muthoot Capital Services Share Price Performance 

As of September 23, 2026, at 1:45 PM, Muthoot Capital Services share price on NSE was trading at ₹228.90 down by 0.41% from the previous closing price. 

Conclusion 

Muthoot Capital Services has approved the allotment of 15,000 non-convertible debentures valued at ₹150 crore, with a fixed coupon rate of 9.25% p.a. The debentures have a 24-month maturity and are secured pari passu with existing creditors. 

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