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Bengaluru, February 4, 2025:MuthootFinCorpLimited (MFL), the flagship company of the 138-year-oldMuthootPappachan Group (MuthootBlue), has announced the launch of theTrancheIVseriesof secured and redeemable non-convertible debentures (NCDs) with a face value ofRs. 1000 each, scheduled for issuance on February 4, 2025. The purpose of this offering is to facilitate lending, financing, and the repayment of both interest and principal on the Companyֱ existing indebtedness, along with general corporate purposes.MuthootFinCorpaims toraisean amount aggregating toRs.400crorewhich is within the shelf limit ofRs. 2000crore. TheNCDTrancheIVissuance amounts toRs. 100crore(“Base Issue Size”) with a green shoe option ofRs. 300croreaggregating up toRs400crore(“TrancheIVIssue Limit”) (“TrancheIVIssue”). Effective yield (per annum) for theNCDholders in all categories of investors ranges from 9.38% to 10.10%. Investors can choose from tenure options of 18, 24, 36, 60 and 72 months.
TheTrancheIVserieswill be open to the public from February 4, 2025 to February 17, 2025 subject to early closure upon approval from the Board of Directors or the Stock Allotment Committee of the Company, and in accordance with applicable regulations under Regulation 33A of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended (SEBI NCS Regulations).
These NCDs have been rated CRISIL AA-/Stable (pronounced as “CRISIL double A minus with a Stable outlook”) by CRISIL Ratings Limited, indicating a high degree of safety for timely servicing of financial obligations. It is proposed that these instruments will be listed on the debt market segment of the BSE.
All individual investors applying through intermediaries (viz. syndicate members, registered stockbrokers, registrar to an issue and transfer agent and depository participants), where the application amount is up to ₹ 5 lakh, shall only use UPI for the purpose of blocking of funds and provide his/ her bank account linked UPI ID in the bid-cum-application form submitted with intermediaries. However, individual investors shall continue to have the choice of availing other modes (viz. through SCSBs and Stock Exchange Platform) for making an application in the public issue. With theMuthootFinCorpONE app customers can invest in NCDs easily anytime, anywhere at the comfort of their homes as well as through the wide network of our 3700+ branches. Alternatively, customers can use the UPI based investing mechanism that is present in ourNCDModule.
“We are pleased to announce the launch of our latestNCDseries, offering secure and high-yield investment opportunities. Investors can seamlessly invest throughMuthootFinCorpֱ extensive network of over 3,700+ branches or via our mobile application,MuthootFinCorpONE, for investments up to ₹5 lakhs. This initiative reflects our ongoing commitment to providing innovative financial solutions in an easy and convenient manner,”said Shaji Varghese, CEO –MuthootFinCorpLimited.
