Motilal Oswal approves $21M debt issue via private placement

What's the deal? Motilal Oswal Financial ServicesDealroom has a profile for this one. Try Dealroom → said on September 7 it approved raising up to ₹200 crore (about $21 million) through non-convertible debentures (NCDs). The issue will be made on a private placement basis to up to 20,000 secured, rated, redeemable, and listed senior bonds.

The details: The issue carries a base size of ₹40 crore, with a green shoe option to retain oversubscription of up to ₹160 crore. Each NCD has a face value of ₹1 lakh and a five-year tenure.

The NCDs are proposed to be listed on the National Stock Exchange of IndiaDealroom has a profile for this one. Try Dealroom →. Coupon rate, payment schedule, and repayment terms will follow the Key Information Document dated September 7, 2026.

How it's secured: The debentures will be backed by a first-ranking pari passu charge through hypothecation of the company's present and future receivables. Motilal Oswal will maintain a minimum security cover of 1.00 times the outstanding principal and interest until maturity.

The company said there is no existing delay or default in payment of interest or redemption of principal on its NCDs. It added there are no special rights attached to the instruments.

Shares of Motilal Oswal Financial Services closed at ₹1,057.00 on the BSEDealroom has a profile for this one. Try Dealroom →, up ₹22.00, or 2.13%.

The signal: At roughly $21 million, this is a modest, targeted debt raise — sitting near the smaller end of financing rounds. For an established financial services firm, private-placement NCDs offer a routine channel to fund receivables without diluting equity.

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