There are eight series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and at maturity interest options. Effective annual yield for NCDs ranges from 8.85% p.a. to 9.70% p.a.

The issue is scheduled to open on 23 April 2024, and close on 7 May 2024.

At least 75% of the funds raised through this Issue will be used for the purpose of meeting working capital requirement and repayment of existing liabilities and the balance amount would be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the issue.

The NCDs proposed to be issued under the Issue have been rated "CRISIL AA/Stable" by CRISIL Ratings and "IND AA/Stable" by India Ratings. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

The NCDs are proposed to be listed on BSE and NSE. The company has received an in-principle’ approval from BSE and NSE.

Motilal Oswal Group offers a diversified range of financial products and services such as retail broking and distribution, institutional broking, investment banking, asset management, private equity, wealth management and housing finance. It acts as a stock broker and commodities broker for clients comprising of retail customers (including high net worth individuals), mutual funds, foreign institutional investors, financial institutions and corporate clients. The company has a Pan-India presence with domestic offices in 22 states including two union territories and one international representative office and employed 7,927 employees as of 31 March 2024. In addition to diversified range of services offered, our Company also offers complementary in-house research and advisory services and margin trading facility.