Motilal Oswal Financial Services plans ₹300 crore NCD issuance

Motilal Oswal Financial Services Limited announced that its Finance Committee approved the issuance of up to 30,000 fully paid, secured, rated, redeemable, listed, senior Non-Convertible Debentures (NCDs). Each NCD will have a face value of ₹1,00,000/-, totaling an aggregate amount of up to ₹300 crore. This issuance will be conducted on a private placement basis.

The NCDs will have a tenure of three years and are proposed to be listed on the National Stock Exchange of India Limited (NSE). All benefits, including interest, will accrue to NCD Holders from the deemed date of allotment. The principal and interest due on the NCDs will be secured by a first-ranking pari passu charge on present and future receivables of the company, with a minimum security cover of 1.00 times.

The finance committee meeting commenced at 6:00 p.m. and concluded at 6:25 p.m. on December 02, 2025. Kailash Purohit, company secretary & compliance officer, signed the announcement.