Manappuram Finance is planning to raise Rs 40 crore by issuing Secured Redeemable Non-Convertible Debentures (NCDs) by way of Private Placement. Proposed allotment for the above issue will be on June 28, 2016.
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.