Manappuram Finance has raised Rs 400 crore through Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) and allotted 4000 NCDs having a face value of Rs 10,00,000 on a Private Placement basis. The board of director at its meeting held on December 22, 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.