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Manappuram Finance gets nod to raise Rs 1150 crore through NCDs

07 Feb 2020 Evaluate

Manappuram Finance has received approval to raise funds through issuance of the Private Placement of Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) up to Rs 1150 crore. The Financial Resources and Management Committee of the Board of Directors of the Company at its meeting held on February 7, 2020 has 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.

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