Manappuram Finance is eyeing to raise Rs 75 crore through secured redeemable Non-Convertible Debentures (NCDs). The proposal to raise funds through secured redeemable NCDs on private placement basis will be considered by the Financial Resources and Management Committee of board of directors at its meeting to be held on August 22, 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.