Muthoot Capital Services Limited (MCSL), a leading provider of fund-based financial services, has informed the stock exchanges of an upcoming meeting to approve the issuance of non-convertible debentures (NCDs). Scheduled for December 20, 2024, this meeting will address a key decision that could influence the company’s financial structure.
In its regulatory filing dated December 17, 2024, MCSL stated: “We hereby inform you that the Meeting of Debenture Issue and Allotment Committee of the Board of Directors of the Company is scheduled to be held on Friday, 20th December 2024, to inter alia consider and approve the issuance of non-convertible debentures (‘NCDs’) on private placement basis.”
This disclosure aligns with the requirements under SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency and compliance with regulatory norms.
Non-convertible debentures (NCDs) are fixed-income instruments used by companies to raise capital. Issued on a private placement basis, they typically offer competitive returns to investors without the option to convert them into equity shares. For companies like Muthoot Capital, NCDs serve as an effective tool to meet funding requirements while maintaining financial stability.
Established in 1994, MCSL is part of the Muthoot Pappachan Group and offers financial services to retail, corporate, and institutional customers through an extensive branch network of Muthoot Fincorp Ltd.
On December 18, 2024, shares of Muthoot Capital Services traded at ₹357.05 as of 9:37 am, reflecting a marginal dip of 0.04%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
