Motilal Oswal approves $94M debt raise via bonds
What's the deal? Motilal Oswal Financial ServicesDealroom has a profile for this one. Try Dealroom → has approved raising up to US$122.2M (roughly $94 million) through non-convertible debentures (NCDs) on a private placement basis. The finance committee of its board cleared the issuance of up to 90,000 secured, rated, listed bonds with a face value of US$1.36K each.
The details: The NCDs carry a tenure of three years and 26 days and are set to list on the National Stock Exchange of IndiaDealroom has a profile for this one. Try Dealroom →. Terms including the coupon rate and redemption schedule are set out in the Key Information Document issued on September 24, 2026.
What's the money for? The company did not specify a use of proceeds. As debt rather than equity, the raise gives the financial services firm capital without diluting shareholders.
How is it secured? The firm will create a first-ranking pari-passu charge over its present and future receivables, backing the issue with a minimum security cover of 1.00 times the outstanding principal and accrued interest. It confirmed no delays or defaults on any existing debt securities.
The signal: The raise sits in roughly the 15th percentile by amount among comparable deals — a modest, routine funding exercise rather than a landmark one. For a non-banking financial company, tapping the bond market at this scale is a standard way to fund lending operations while keeping equity intact.
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