Manappuram Finance is planning to raise Rs 200 crore by issue of 2000 Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) having face value of Rs 10 lakh each. In this regard, the meeting of the Financial Resources and Management Committee of the Board of Directors of the company will be held on November 18, 2019.
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.