Manappuram Fin to take up raising Rs 200 cr via pvt placement

Manappuram Finance, a gold loan NBFC, today said its board will meet next week to consider raising Rs 200 crore through allotment of non-convertible debentures on a private placement basis.

"The Financial Resources and Management Committee of the board of directors of the company... will consider the allotment of secured redeemable non-convertible debentures having face value of Rs 10 lakh each for Rs 200 crore on a private placement basis," Manappuram Finance said in a BSE filing.

Stock of the company was trading 3.61 per cent lower at Rs 97.40 on the BSE.