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 8000 crore through NCDs

Date: 24-03-2023

Manappuram Finance has received approval for fund raising program of the company for FY 2023-24, which interalia includes issuance of Redeemable Non-Convertible Debentures (NCDs) upto the overall limit of Rs 8000 crore by way of private placement or/and Public issue in one or more tranches as may be decided by the Board of Directors or its committee thereof from time to time. The Board of Directors of the company at its meeting held on March 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.