Motilal Oswal Financial Services Limited has received approval from its Finance Committee to raise funds through the issuance of Non-Convertible Debentures (NCDs). The company plans to issue up to 20,000 Secured, Rated, Redeemable, Listed, Senior Bonds, aggregating up to ₹200 Crore. This fundraising initiative aims to support the company’s overall business operations and growth strategies.
Motilal Oswal Secures Funding Through NCD Issuance
The Finance Committee of Motilal Oswal Financial Services Limited has given the green light for the issuance of Non-Convertible Debentures (NCDs), a move designed to bolster the company’s capital base. The committee, during its meeting on September 7, 2026, approved the fundraising plan which involves the issuance of up to 20,000 Fully Paid, Secured, Rated, Redeemable, Listed, Senior Bonds.
Issue Details and Size
These NCDs will have a face value of ₹1,00,000/- each. The total amount for the issuance is set at ₹40 Crore, designated as the ‘Base Issue Size’. Additionally, the company has secured an option to retain oversubscription of up to ₹160 Crore, utilizing a ‘Green Shoe Option’. This brings the potential aggregate amount to a substantial ₹200 Crore.
Listing and Tenure
The NCDs are proposed to be listed on the National Stock Exchange of India Limited (NSE). The tenure of these instruments is set at 5 (Five) Years from the date of allotment, with the actual maturity date to be determined. The issue will be conducted on a Private Placement Basis.
Security and Terms
As per the disclosed information, the NCDs will be secured by a first-ranking pari passu charge by way of hypothecation on all present and future receivables of the company. A minimum security cover of at least 1.00 times (1.00x) of the outstanding principal amounts and all interest due will be maintained. There are no delays or defaults in payments for any existing NCDs.
Source: BSE
