Manappuram Finance Ltd.

BSE: 531213 | NSE: MANAPPURAM
Small Cap | Finance - NBFC
180.30
1.35 (0.75%)
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Manappuram Finance raises Rs 450 crore through NCDs

Date: 19-08-2024

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.