Muthoot FinCorp Ltd. Rolls-out NCD Tranche II; Subscription window open from March 13 to March 23, 2026
FinTech BizNews Service
Mumbai, March 13, 2026: Muthoot FinCorp Ltd. (MFL), the flagship company of the 139-year-old Muthoot Pappachan Group (Muthoot Blue), has announced the launch of the NCD Tranche II of secured and redeemable non-convertible debentures (NCDs) with a face value of Rs. 1000 each, scheduled for issuance on March 13, 2026.
This offering is intended to support onward lending and financing activities, repay/prepay interest and principal on existing debt, and meet general corporate needs. Muthoot FinCorp Ltd. aims to raise up to Rs. 60,000 Lakhs, within the approved shelf limit of Rs. 3,00,000 Lakhs.
The NCD Tranche II issue comprises a base size of Rs. 20,000 Lakhs with a green shoe option of Rs. 40,000 Lakhs, aggregating up to Rs. 60,000 Lakhs (“NCD Tranche II”). The NCDs offer effective annual yields ranging from 8.70% to 9.10% across multiple tenure options of 24, 36, 60, and 72 months.
The NCD Tranche II will be open to the public till March 23, 2026, 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-/Positive (pronounced as "Crisil double A minus with a positive outlook") by Crisil Ratings Limited, and BWR AA/Stable" by Brickwork Ratings India Private 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.
For individual investors applying through intermediaries (including syndicate members, stockbrokers, RTA, and depository participants), applications up to ₹5 lakh must be made using UPI for fund blocking, along with a valid UPI ID. Investors can also apply through other modes, including SCSBs and the Stock Exchange platform.
Shaji Varghese, CEO – Muthoot FinCorp Ltd. said, “We are pleased to announce the launch of our new NCD series, offering investors a secure investment opportunity, this offering is designed to provide value to our customers, while maintaining high degree of safety with Crisil Ratings Limited, rating of AA-/Positive and BWR AA/Stable by Brickwork Ratings India Private Limited. Participation is made seamless through our extensive network of over 3,750+ branches, our mobile app - Muthoot FinCorp ONE, and through partner network. This initiative reflects our continued commitment to providing innovative and accessible financial solutions that align with the evolving needs of our customers.”
