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Manappuram Finance approves issuance of NCDs aggregating Rs 250 cr

Capital Market 

On private placement basis

The Financial Resources and Management Committee of the Board of Directors of Manappuram Finance at its meeitng held on 31 October 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.25 crore with an option to retain over subscription up to Rs.225 crore aggregating to Rs.250 crore.

Furthermore, the Financial Resources and Management Committee of the Board of Directors of the Company will be held on 07 November 2019 to consider the proposed allotment for the said issue

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 31 2019. 15:50 IST
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