Muthoot Capital Services Approves ₹100 Crore Secured NCD Private Placement

Muthoot Capital approved a private placement of up to ₹100 crore in senior secured listed NCDs, maturing August 2029, carrying a 9.25% annual coupon payable monthly with bullet principal repayment. The debentures have 1.1x asset coverage and a 25-basis-point coupon step-up per rating notch downgrade from AA-.