Manappuram Finance plans to raise Rs 350 cr through private placemen of NCDs

The Financial Resources and Management Committee of the Board of Directors of Manappuram Finance at its meeting held on 26 December 2019 has approved the issuance of the Private Placement of Rated, Secured, Redeemable Non-Convertible Debentures having face value of Rs.10 Lakhs each for the amount of Rs.350 crore.

Furthermore, the Financial Resources and Management Committee of the Board of Directors of the Company will be held on 31 December 2019 to consider the proposed allotment for the said issue.

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