Motilal Oswal Financial Services has announced that its Finance Committee approved the issuance of secured, rated, redeemable, listed, senior Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each. The total issuance will aggregate up to ₹300 Crore. These NCDs will be issued on a private placement basis and are proposed to be listed on the National Stock Exchange of India Limited (NSE).
NCD Issuance Approved
The Finance Committee of Motilal Oswal’s Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) up to ₹300 Crore. This decision was made during a meeting held on December 2, 2025.
Details of the NCDs
The NCDs will be fully paid, secured, rated, redeemable, and listed senior bonds. The face value of each NCD is ₹1,00,000. The total amount of the issuance will not exceed ₹300 Crore. The NCDs are intended to be issued through private placement.
Listing and Security
The NCDs are proposed to be listed on the National Stock Exchange of India Limited (NSE). The principal amount of the NCDs, along with all interest due, will be secured by a first-ranking pari passu charge on the company’s present and future receivables. The security cover will be maintained at a minimum of 1.00 times the outstanding principal amount of the NCDs and all interest until the maturity date.
Tenure
The tenure of the instrument is 3 years.
Source: BSE
