The NBFC, on Saturday, announced that its board has approved the fund raising program for the issue size of Rs 7,800 crore for the FY 2022-23.
As per the exchange filing, the company's board has given a green flag for the fund raising, which includes issuance of redeemable Non-Convertible Debentures (NCDs) upto the overall limit of Rs 7,800 crore by way of private placement or/and public issue in one or more tranches.
Manappuram Finance is one of India's leading gold loan NBFCs. The company reported 46% fall in consolidated net profit to Rs 261 crore on a 9% decline in total income to Rs 1,506.85 crore in Q3 FY22 over Q3 FY21.
Shares of Manappuram Finance declined 2.26% to close at Rs 114.45 on Friday, 25 March 2022.
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