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Manappuram Finance plans NCDS issuance aggregating Rs 500 cr

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Manappuram Finance announced that the Financial Resources and Management Committee of the Board of Directors of the Company held on 28 July 2020 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.150 crore with an option to retain over subscription up to Rs.350 crore aggregating to Rs.500 crore.

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

First Published: Tue, July 28 2020. 10:03 IST