Muthoot Microfin's Debenture Issue and Allotment Committee has approved issuing 250,000 Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) via private placement.

Each NCD has a face value of ₹10,000, totaling ₹250 Cr.

These NCDs carry an interest rate of 9.25% per annum, payable monthly, and have a 24-month tenure.

They will be listed on BSE Limited and are secured by a first charge on the company's receivables.

This issuance aims to raise funds for business operations.