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Manappuram Finance raises Rs 350 crore via NCDs

31 Dec 2019 Evaluate

Manappuram Finance has raised Rs 350 crore. The Financial Recourse and Management Committee of the Board of Directors of the Company at its meeting held on December 31, 2019, approved the allotment of 3500 Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 350 crore on a Private Placement basis.

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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