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.