Motilal Oswal Financial Services allots ₹300 crore in NCDs

Motilal Oswal Financial Services Limited announced the allotment of 30,000 fully paid, secured, rated, redeemable, listed, senior bonds in the nature of Non-Convertible Debentures (NCDs). Each NCD has a face value of ₹1,00,000/-, totaling ₹300 crore. The allotment was approved by the finance committee of the board of directors on December 12, 2025.

These NCDs are issued via private placement and have a tenure of three years, maturing on December 12, 2028. They are proposed to be listed on the National Stock Exchange of India Limited (NSE). The principal amount and all interest will be secured by a first ranking pari passu charge on present and future receivables, maintaining a minimum security cover of at least 1.00 times.

Annual coupon payments and principal redemption are scheduled at maturity. The first coupon payment is set for December 12, 2026, with subsequent payments on December 12, 2027, and December 12, 2028, coinciding with the principal redemption.