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Manappuram Finance gets nod to raise Rs 600 crore through NCDs

22 Jan 2021 Evaluate

Manappuram Finance has received approval from board to raise Rs 600 crore through issuance of Secured, Rated, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 on private placement route.

Financial Resources and Management Committee of the Board of Directors of Manappuram Finance at its meeting held on January 21, 2021, approved 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.

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