MoneyWorks4Me

Manappuram Finance raises Rs 1150 crore via NCDs

14 Feb 2020 Evaluate

Manappuram Finance has raised Rs 1150 crore on a Private Placement basis. The Financial Recourse and Management Committee of the Board of Directors of the Company at its meeting held on February 14, 2020, approved the allotment of 11500 Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each.

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.

Peers