Manappuram Finance has raised Rs 250 crore through secured rated, listed, redeemable non-convertible debentures (NCDs) and allotted 2500 NCDs having the face value of Rs10 lakh each on a Private Placement basis to be listed on the BSE.
The Board of Directors of company at its meeting held on July 21, 2020 has approved and allotted 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.