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Manappuram Finance to raise funds up to Rs 1,000 crore

10 Jul 2014 Evaluate

Manappuram Finance is planning to raise funds up to Rs 1,000 crore through private placement of redeemable non-convertible debentures. In this regard, the company is seeking shareholders' approval at its annual general meeting on July 31.

Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.

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