Muthoot MCred raises ₹1,200 crore via privately placed bonds

What's the deal? Muthoot MCred has raised 12 billion INR (roughly $124.5 million) through non-convertible debentures (NCDs) issued on a private placement basis. The debentures were secured by hypothecation of its loan receivables and listed on the debt segment of BSEDealroom has a profile for this one. Try Dealroom → Limited. The financial services firm raised the sum through multiple issuances.

Who advised? Juris CorpDealroom has a profile for this one. Try Dealroom → provided legal counsel to Muthoot MCred, covering documentation and the stock exchange listing. Its debt capital markets team was led by equity partner Apurva Kanvinde, with principal associate Smit Parekh and associate Harshit Khandelwal.

What's the endgame? The listed NCD structure lets Muthoot MCred tap institutional debt investors while giving them a tradable, secured instrument. Juris Corp said its documents aimed to safeguard investor interests while keeping financing terms aligned with the borrower's needs.

The signal: Privately placed listed bonds remain a core funding route for India's non-bank lenders looking to diversify beyond traditional bank credit. A ₹1,200 crore raise underscores continued investor appetite for secured, exchange-listed debt from established financial services players.

Read more: thedealmatter.com

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