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Manappuram Finance planning to raise funds via NCDs

05 May 2020 Evaluate

Manappuram Finance is planning to raise funds through the issuance of the Private Placement of Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) for Rs 100 crore with an option to retain oversubscription upto Rs 400 crore aggregating to Rs 500 crore. In this regard, the meeting of the Financial Resources and Management Committee of the Board of Directors of the company will be held on May 08, 2020.

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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