Manappuram Finance is considering raising of funds through various options of borrowings including by way of issue of debt securities in onshore/offshore market by public issue and/ or private placement basis and commercial papers. Based on the market conditions, Financial Resources and Management Committee/Debenture Committee of the Board of Directors of the Company will consider and approve such issuances of debt securities during the month ending July 31, 2020 subject to such terms and conditions including the issue price of debt securities, as the respective committee may deem fit.
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.