Manappuram Finance has received an approval for the allotment of 42309 Unlisted Unrated Secured Redeemable Non-Convertible Debentures (NCDs) having face value of Rs 1000 each for Rs 4.23 crore on Private Placement basis via Resolution by Circulation. The Financial Resources and Management Committee of the Board of Directors of the Company, on December 19, 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.