Manappuram Finance has informed that Financial Resources and Management Committee of the Board of Directors of the Company held on July 28, 2020 approved the issuance of the Private Placement of Rated, Secured, Redeemable Non-Convertible Debentures having face value of Rs 10 Lakhs each for the amount of Rs 150 crores with an option to retain over subscription up to Rs 350 crores aggregating to Rs 500 Crores.
The above information is a part of company’s filings submitted to BSE.