Muthoot FinCorp has announced its intention to raise up to Rs 400 crore by issuing non-convertible debentures (NCDs). This move is part of the company’s approved debt-raising plan of Rs 1,100 crore, as stated by the company’s board. The NCD issue has a base size of Rs 100 crore, with a green shoe option of Rs 300 crore, and will remain open for subscription until September 14. It offers various tenure options, including 24, 36, 60, and 96 months, with monthly, annual, and cumulative payment options, providing an effective annual yield of 8.65-9.43%. Muthoot FinCorp is the flagship company of the Muthoot Pappachan Group, a diversified conglomerate with interests in various sectors, including financial services, automotive retail, realty, and more, serving over 1 million customers.