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Manappuram Finance raises Rs 150 crore through NCDs

29 Sep 2016 Evaluate

Manappuram Finance has raised Rs 150 crore by issuing bonds on a private placement basis.  The Financial Resources and Management committee of Board of Directors allotted 1500 Secured Redeemable Non-Convertible Debentures (NCDs) by way of Private Placement, having face value of Rs 10 lakh each aggregating to Rs 150 crore on September 27, 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.

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