Manappuram Finance Ltd.

BSE: 531213 | NSE: MANAPPURAM
Small Cap | Finance - NBFC
180.30
1.35 (0.75%)
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Manappuram Finance gets nod to raise up to Rs 1100 crore through debentures

Date: 24-01-2023

Manappuram Finance has received an approval for issuance of Secured, Non-Cumulative, Redeemable, Listed, Rated Non-Convertible, Taxable Debentures of face value of Rs 10 lakh for a principal aggregate amount of upto Rs 1100 crore on private placement basis. The Financial Resources and Management Committee of the Board of Directors of the company at their meeting held on January 24, 2023 approved the same.

Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.