Muthoot Microfin board OKs raising Rs 75 cr via private placement

The company will issue upto 7,500 listed, rated, senior, secured, transferable, redeemable, non-convertible debentures having face value of Rs 1 lakh each, aggregating to Rs 75 crore. This includes a green shoe option of Rs 45 crore.

The NCDs will carry coupon rate is 9.80% p.a., with interest payable on a monthly basis.

Muthoot Microfin is a part of Muthoot Pappachan Group (also known as Muthoot Blue) and is one of the leading listed MFIs in India. The company's standalone net profit tumbled 94.54% to Rs 6.18 crore on a 15.8% decline in revenue from operations to Rs 558.62 crore in Q1 FY26 over Q1 FY25.

The counter rose 0.77% to end at Rs 163.05 on the BSE.

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