Manappuram Finance has informed that Financial Resources and Management Committee of the Board of Directors of the Company held on Monday, 23rd September 2019 approved the issuance of the Private Placement of Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) having face value of Rs 10 Lakhs each for the amount of Rs 215 Crores with an option to retain over subscription up to Rs 250 crores aggregating to Rs 465 Crores. Furthermore, the Financial Resources and Management Committee of the Board of Directors of the Company will be held on 26th September 2019 to consider the proposed allotment for the said issue.
The above information is a part of company’s filings submitted to BSE.
