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Manappuram Finance raises Rs 600 crore through NCDs

28 Jan 2021 Evaluate

Manappuram Finance has raised Rs 600 crore through Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) and allotted 6000 NCDs having a face value of Rs 10 lakh on a Private Placement basis to be listed on the BSE. The Board of Directors of the company at its meeting held on January 28, 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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