Muthoot Finance to raise INR 21,063.50 crore via debentures

** Muthoot Finance has announced its board's approval to raise funds up to ₹21,063.50 crore through the issuance of redeemable non-convertible debentures (NCDs). This decision was made during a board meeting held on February 12, 2025. The NCDs will be offered via private placement in one or more tranches. The terms, including allotment date, maturity, coupon interest rates, and any associated security, will be determined by the board or a designated committee. Muthoot Finance intends to list these securities on either the BSE or NSE, and the specifics will be decided later. The announcement adheres to SEBI regulations, ensuring transparency regarding the fund-raising plan.