Khaitan & Co Advised Muthoot Fincorp On Issue Of Debentures Worth ₹350 Cr
Khaitan & Co served as legal advisors to Muthoot FinCorp Ltd. in filing the Shelf Prospectus for its public issue of secured
Khaitan & Co Advised Muthoot Fincorp On Issue Of Debentures Worth ₹350 Cr
Khaitan & Co served as legal advisors to Muthoot FinCorp Ltd. in filing the Shelf Prospectus for its public issue of secured, redeemable, non-convertible debentures (NCDs) worth ₹350 crores.
The subscription period for this tranche commenced on 28 August, and remained open until 10 September 2024. This Tranche I series marked the 17th issuance by Muthoot FinCorp.
The base issue size was set at ₹100 crores, with a green shoe option allowing for an additional ₹250 crores, bringing the total issue limit to ₹350 crores. Each NCD was priced at ₹1,000, listed on the debt market segment of the BSE.
The deal team at Khaitan & Co included Partner Soumya Mohapatra, along with Associates Gyana Pathak, Kasvi Thakkar, Mishi Malhotra, and Palak Jhalani.