Manappuram Finance, one of the leading NBFCs of India, is planning to raise funds through secured redeemable non-convertible debentures aggregating to Rs 250 crore on Private Placement basis. The proposal to raise funds will be considered by the Financial Resources and Management Committee of Board of Directors at its meeting to be held on October 12, 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.