Manappuram Finance has raised Rs 450 crore through allotment of Secured, Non- Cumulative, Redeemable, Listed, Rated, Non-Convertible Taxable Debentures (NCDs) of face value of Rs 1,00,000 each at 9.10% p.a. Maturity of said NCDs will be on August 19, 2026.
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.