Manappuram Finance has raised Rs 100 crore by issuing 1000 Market Linked, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) having a face value of Rs 10,00,000 each on a Private Placement basis to be listed on the BSE. The Financial Recourse and Management Committee of the Board of Directors of the company at its meeting held on September 07, 2020 have approved the allotment of 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.