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Manappuram Finance raises Rs 75 crore through NCDs

24 Aug 2016 Evaluate

Manappuram Finance has raised Rs 75 crore through allotment of Secured Redeemable Non-Convertible Debentures (NCDs) by way of private placement. The secured redeemable NCDs having face value of Rs10 lakh with the maturity date of March 22, 2019. The Financial Resources and Management Committee of board of directors at its meeting held on August 23, 2016 have approved for the same.

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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