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Manappuram Finance gets approval to raise Rs 3000 crore via NCDs

09 Aug 2018 Evaluate

Manappuram Finance has received an approval for raising funds worth Rs.3000 crore, through public issue of Non Convertible Debentures (NCDs) in multiple tranches during FY 2018-19. The Board of Directors of the company at its meeting held on August 09, 2018, approved 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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