Deal: Trilegal represented Muthoot Finance in the proposed public issue of NCDs and to file the tranche prospectus for their issuance

Trilegal acted as the sole legal counsel to the proposed public issuance of non-convertible debentures (NCDs) by Muthoot Finance Limited with a shelf limit of INR 30,000 million and the tranche I issue thereunder aggregating up to INR 5,000 million. This is the first public issuance of NCDs undertaken by Muthoot Finance under the new SEBI (Issue of Non-Convertible Securities) Regulations, 2021 (“SEBI NCS Regulations”). The SEBI NCS Regulations introduced certain important changes pertaining to the disclosures as well as the process-related compliances, which were analysed for this issue and appropriately implemented.

Muthoot Finance Limited is an Indian financial corporation and the largest gold loan non-banking financial company in the country. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel, and tourism services, and sells gold coins.

The Trilegal team comprised Partners Richa Choudhary and Joseph Jimmy. Other attorneys who were part of the deal were Archana Rawat, Counsel; Avanti Kale, Senior Associate; Maitreya Rajurkar, Lalitha Nandula, Aman Bahl, and Aayush Khandelwal, Associates.

Media Coverage:

https://www.chittorgarh.com/bond/muthoot-finance-april-ncd-2022/207/

For more information, please contact:

Sahil Wason | Mob: +91-8928008122 | BD@trilegal.com